Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Okay. Mr. Moran, Mr. Wright in his report on the Department notes that the transfer of treasury operations to the NTMA "impaired the Department's capacity to respond to the banking crisis". There were, he went on to say, "shortages of skills in the requisite disciplines and inadequate knowledge of underlying developments in the [construction] sector". So, can I ask you for the duration of your tenure as assistant secretary, and you covered at different times, budgetary policy, fiscal, taxation roles, were you satisfied that the Department and particularly the function that you were in charge of, had the requisite skills and expertise for identifying and mitigating those key systemic economic risks?