Rules of engagement
The guidelines governing how Nama and its customers work together will be crucial to the operation of the scheme, writes Richard Curran
The guidelines and protocols as to how Nama will deal with property developers were not included in the 136-page proposed bill published by finance minister Brian Lenihan last week. After the issue of the valuations to be placed on the loans, the rules governing the relationship between Nama and its customers is possibly the next most important element of the plan.
Nama plans to buy up to €90 billion worth of property loans at a...
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