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NAMA Overpaid For Some Assets, Central Bank Chief Claims

Patrick Honohan, govern of the Central Bank of Ireland, claims the National Asset Management Agency overpaid for some of the assets it acquired from troubled banks, reports The Irish Independent.

Patrick Honohan, govern of the Central Bank of Ireland, claims the National Asset Management Agency overpaid for some of the assets it acquired from troubled banks. In a speech to academics in Geneva, Honohan said NAMA should have “built in more insulation by providing for even tougher haircuts,” but added that at the time, it would have seemed “arbitrary and hard to justify” exercise of regulatory powers.

Click here to read the story from The Irish Independent.

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