Thursday, 8 November 2012

Questions (124)

Niall Collins

Question:

124. Deputy Niall Collins asked the Minister for Finance if he will provide in a tabular form the total list of quasi-Governmental organisations and agencies under his remit; if he will provide a list of quasi-Governmental organisations and agencies under his remit that have been abolished since March 2011 or are scheduled to be abolished and the date on which they are due to be abolished; the date on which the body was created; the name of the body; the 2012 Budget for the body; the number of employees of the body in 2012; the names of any outside consultants hired by the organisation since March 2011 and what future plans he has for the body. [49312/12]

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Written answers (Question to Finance)

The information requested by the Deputy in relation to bodies under the aegis of my Department is contained in the following table. I am not aware of any plans to abolish these bodies in current year.

Name of Body

Date body set up

Budget for 2012 and

No of employees

Names of outside Consultants Employed by the body since Mar 2011

Financial Services Ombudsman Council

01/10/2004

Budget Nil

Employees Nil

Workplace

Solutions

Possible merger with Pensions Ombudsman review ongoing as part of the wider review.

Irish Financial Services Appeals Tribunal

The Irish Financial Services Appeals Tribunal was established by Part VIIA of the Central Bank and Financial Services Authority of Ireland Act 2003. The Members were first appointed by the President on the 25th of January 2007.

The Irish Financial Services Appeals Tribunal is composed of a Chairperson, a Deputy Chairperson and five lay members. The Tribunal retains a practising Barrister as a part time Registrar. It retains no other staff or employees.

The estimated Budget for 2012 is €289,752.00.

The Irish Financial Services Appeals Tribunal has not retained any outside consultants other than Messrs. Spain McQuillan, Chartered Accountants, for auditing services.

National Treasury Management Agency (NTMA) (includes SCA, NewERA, NPRF, NDFA and NAMA)

3 December 1990

The net budget for 2012 for the NTMA (which includes the State Claims Agency, NPRF, NDFA, NAMA and NewERA) is €43.5 million

(A further budgeted €43.7 in NAMA-related costs will be reimbursed to NTMA by NAMA. NAMA’s costs are met from its operating income).

500 Staff as at 31 October 2012 (this includes 227 NAMA staff

Information in relation to outside consultants is currently being collated and will be forwarded to the deputy

SCA (State Claims Agency)

3 December 2001

-

-

NewERA (New Economy and Recovery Authority)

September 2011 initially on a non-statuary basis

-

-

NPRF (National Pensions Reserve Fund)

2 April 2001

Fees and Expenses of NPRF (other than the costs incurred by the NTMA in its role as manager of the fund, included in the NTMA budget above) are met from NPRF.

-

- NDFA (National Development Finance Agency)

1 January 2003

Fees and expenses incurred by the NDFA in the performance of its financing and advisory functions in relation to specific public investment projects are reimbursed by the relevant State authority to NTMA

-

National Asset Management Agency

21 December 2009*

* NAMA was established in December 2009 and its remit is expected to be concluded in 2020

Projected Direct Operating Costs

€167m**,

227 employees

** Over 50% of which reflect the cost of services outsourced to third parties mainly the Participating Institutions of AIB, BOI and IBRC.

Information in relation to outside consultants is currently being collated and will be forwarded to the deputy

Credit Union Advisory Committee

September 2010

2012 Budget:

€20,900

No employees

None

Commission on Credit Unions

May 2011 – March 2012 (CCU has completed its work)

2012 Budget:

€27,100.

No employees

None

Irish Bank Resolution Company Limited

15th January 2009 date of nationalisation of Anglo Irish Bank

€268m budget

1,031 employees

Cannot disclose due to commercial sensitivities

The Irish Fiscal Advisory Council

07th July 2011*

(created on an administrative basis)

*Note the Fiscal Council will be placed on a statutory basis upon passage of the Fiscal Responsibility Bill

Ceiling of

€650,000 for 2012

5 council and 3 employees

Dr. Robert Hagemannn - Commissioned report entitled Fiscal Rules for Ireland; a key input to the IFAC’s report Strengthening Ireland’s Fiscal Institutions.

Credit Union Restructuring Board

31/08/2012

€300,000 for 2012

-

Disabled Drivers Medical Board of Appeal

21/12/1989

2 employees.

€330,000

-

The Central Bank are currently collating information requested by the Deputy and will forward it directly to the deputy when the process is complete.