Oireachtas Joint and Select Committees

Thursday, 21 July 2016

Public Accounts Committee

2014 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 24 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2015

9:00 am

Photo of David CullinaneDavid Cullinane (Waterford, Sinn Fein) | Oireachtas source

Mr. O'Kelly has said a commercial return forms a heavy part of the blend of the mandate given to the NTMA by the Oireachtas. Mandates can be changed if they are too restrictive. I am assuming that as this is a new fund, it is being established and that the NTMA will have to evaluate its effectiveness. In doing this has it formed an opinion on the need to change the mandate to make it more flexible, or is it flexible enough to meet the demands of the State in terms of investment?

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