Mr. Derek Moran:

NAMA falls under the NTMA family but there is close liaison between the units that deal with NAMA. From my point of view, the unit that deals with NAMA would liaise with NAMA. Similarly the Revenue Commissioners are independent and we should not be accessing individual tax information. The second Secretary General and I and the head of taxes unit sit down with the three commissioners. We meet with them once per quarter or thereabouts and run through the agenda of issues we want some assurance on and the things they want to raise with us. At the end of the day, if issues arise for them that require policy adjustment there has to be feedback loop for that also. We have tried to feed that down through the organisation by reference to scale. From a governance point of view it is really important that we do this. To make sure the arrangements we have are embedded properly, we have asked the internal audit unit to audit how this is being implemented across the Department as part of the work flow for this. It is important stuff that can get overlooked. I believe we had more than 20 organisations but the recent consolidation of the NTMA family meant it reduced to 18. They were all individual companies and that simplified it a bit, but with a core staff of 300, 18 organisations is a lot to monitor. We are using all the leverage that we can.