Mr. David Doyle:

For the vast bulk of the period of my career in the Department, I didn't actually deal with the treasury management agency, except for a short period. Going back when it was established in 1990, by a decision of the Government to separate from the Department so it would be professionalised and staffed with people with appropriate skills, there did seem to be some - I'm just observing from outside - some historical baggage about the few of the people in the Department that the NTMA were, had, you know, been hived off. The people in the NTMA seemed to think that the Department resented that. I never found any justification for that myself. My own dealings with them were ... I regarded them as highly professional and competent. Towards the end of the 90s, I dealt with a number of issues where we transferred additional tasks to them - central treasury management agency ... or central treasury management, State Claims Agency. And at the time, Charlie McCreevy issued a press release in which he said that the investment experience ... investment expertise available to him was in the National Treasury Management Agency.