Oireachtas Joint and Select Committees

Thursday, 24 January 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of Economy and Funding Requirements: Discussion with NTMA

2:55 pm

Mr. John Corrigan:

It needs to be reviewed, obviously, given the discussion about the particular incident to which the Deputy refers. It is difficult to develop a one-size-fits-all policy. We do not want to pay all and sundry big amounts of money for gardening leave just because they happen to be working in the NTMA. I agree it probably needs to be finessed a little bit. Moving the banking unit to the Department of Finance has brought us into an area of policy. In the past we would not have operated in a policy area; our advice and our actions were transaction-orientated. I accept that it raises an issue that needs to be examined.

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