Oireachtas Joint and Select Committees

Wednesday, 22 May 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Strategy Statement 2011-2014 and IFSC Clearing House Group: Discussion with Department of the Taoiseach

2:30 pm

Mr. Martin Fraser:

I am afraid the Clearing House Group gets more credit than it deserves for some of these things. The Clearing House Group did not propose or adopt any measures per se. The group I chair, for which the Deputy has the minutes, discusses these things. They are mainly dealt with bilaterally with the Department of Finance, as are all other pre-budget submissions from all sectors. The financial services members certainly would have been talking to the Department of Finance. One can see from the minutes of the Clearing House Group that there was some conversation but it is not that we adopt or do not adopt proposals. They go to the Department of Finance and they are dealt with by it.