Written answers

Wednesday, 28 April 2010

Department of Finance

National Asset Management Agency

Photo of Deirdre CluneDeirdre Clune (Cork South Central, Fine Gael)
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Question 98: To ask the Minister for Finance his plans for parliamentary oversight of the National Asset Management Agency. [17133/10]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)
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There are substantial provisions already in the NAMA Act dealing with transparent reporting by NAMA and oversight of NAMA by the Oireachtas. This subject was extensively debated during the course of the NAMA legislation through the Oireachtas. In particular, the Act provides for NAMA to submit to me quarterly reports, which I shall lay before each House of the Oireachtas, as well as sending a copy to a Committee appointed by the Oireachtas to deal with NAMA. The appointment of such a Committee is a matter for the Oireachtas.

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