Security breach raises questions for Nama
Nama could find itself in a high-stakes poker game if potential buyers already know what values it has put on its properties, writes Ian Kehoe.
It is actually quite hard to comprehend that such a document actually exists. One giant, sprawling spreadsheet containing all of the sacred financial secrets of Ireland's National Asset Management Agency (Nama). A document detailing the 11,000 loans the agency acquired, and the valuations for each of the 16,000 properties connected to them.
It is harder, however, to fathom just how a middle-ranking Nama official could gain access to this confidential database, copy it and then email vast...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine