Nama may be wound up by 2016 poll

Nama could be wound up before the 2016 general election, according to people familiar with the situation.

The Department of Finance is currently conducting a major review of the agency which is expected to be released before the Dáil goes on summer recess. According to a weekend report in the Sunday Business Post, the investment bank, UBS, has carried out a review of Nama’s assets.

The aim would be to wind up Nama before the next general election, which could then be cited as another milestone on the road to recovery, said one person familiar with the situation.