Denis Naughten (Roscommon-South Leitrim, Fine Gael)
Link to this: Individually | In context

Question 137: To ask the Minister for Finance the number of regulators under the control of his Department; the function and responsibility of same; the number of staff employed, their outturn for 2008 and budget for 2009; and if he will make a statement on the matter. [6500/09]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
Link to this: Individually | In context

There is one regulatory body under the control of my Department, The Irish Financial Regulatory Authority, (Financial Regulator). The functions and powers of the Financial Regulator are specified in Section 33C of the Central Bank Act 1942. The approved manpower complement for the Financial Regulator for 2009 is 380. The actual staffing level in the Financial Regulator at 31st January 2009 was 371.6. The estimated expenditure for 2008 was €55.8 million and the final outturn figures will be published in June 2009 following the completion of the annual audit process. The process for the consideration of the Statement of Estimated Income and Expenditure for 2009 is at an advanced stage and will be laid before the Houses of the Oireachtas as soon as possible after it has been approved.