Written answers

Thursday, 15 October 2009

Department of Finance

Proposed Legislation

Photo of Mary UptonMary Upton (Dublin South Central, Labour)
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Question 134: To ask the Minister for Finance if he will ensure that the proposed National Asset Management Agency legislation provides for a whistleblowers' charter to cover staff within NAMA, the covered institutions, debtors, advisers and service providers in order to ensure these parties all operate to highest professional and ethical standards; and if he will make a statement on the matter. [36469/09]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)
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There are substantial provisions in the NAMA Bill to facilitate the disclosure of information and protect those involved. Section 199 allows for the appropriate disclosure of confidential information, by a person acting in good faith, to law enforcement authorities. Section 200 requires NAMA to inform the enforcement authorities where NAMA suspects that a participating institution may have committed a criminal offence or contravened certain specified laws. The Bill also provides for the publication of Codes of Practice by NAMA within 3 months of its establishment governing various matters. The Codes will include a code on the conduct of officers in NAMA. Furthermore, section 43 of the Bill provides that NAMA should seek to ensure that its expert advisors and service providers shall operate to the highest standards of integrity, fairness and professionalism.

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