The current Secretary General of my Department is subject to Section 20 of the Civil Service Code of Standards and Behaviour which relates to the acceptance of outside appointments and of consultancy engagement following resignation or retirement. He is also subject to the provisions of the Official Secrets Act. As Minister for Finance, I have no role in the employment or departure of staff in the Central Bank. Under the Central Bank Act, 1942, the Central Bank Commission is responsible for administrating the staff of the Central Bank with a view to enabling the Central Bank to perform and exercise its functions and powers.
With regards to provisions for the NTMA and NAMA, in early 2013 the Chief Executive of the NTMA committed to a review of policy in respect of notice periods and post-termination restrictions on employment. The review included staff assigned to National Asset Management Agency (NAMA) who are employees of NTMA. It was proposed by Matheson, the law firm that was engaged to carry out this review, that any required changes resulting from these recommendations would be introduced for new employees and for existing employees upon promotion.
The NTMA has accepted and is implementing the Matheson recommendations.
