Catherine Byrne (Dublin South Central, Fine Gael)
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Question 21: To ask the Minister for Finance the reason for the delay in publishing codes of practice for the National Asset Management Agency. [24706/10]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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In accordance with section 35 of the National Asset Management Agency Act 2009, NAMA, within three months of its establishment, submitted for my approval codes of practice on the conduct of officers of NAMA, servicing standards for acquired bank assets, risk management, disposal of bank assets and the manner in which NAMA is to take account of the commercial interests of credit institutions that are not participating institutions.

In accordance with commitments given to the EU Commission, relevant third parties, including the Commission itself, are being consulted. I expect these consultations to be completed in the coming weeks at which stage the codes will be finalised, approved and published.