Written answers
Wednesday, 12 January 2011
Department of Finance
Departmental Expenditure
2:30 pm
Lucinda Creighton (Dublin South East, Fine Gael)
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Question 275: To ask the Minister for Finance the allocated funding and expenditure of the Central Bank Commission in 2010; and if he will make a statement on the matter. [1232/11]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
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Primarily the allocation of funds within the Central Bank is a matter for the Bank itself. Full details of the Bank's income and expenditure are set out in its 2009 Annual Report. I have been advised by the Central Bank that for the most recent audited period outturn data for 2010 has yet to be finalised. Prior to the commencement of the Central Bank Reform Act 2010 on 1 October 2010, I approved the Financial Regulators Statement of Income and Expenditure for 2010 under section 33N of the Central Bank Act, 1942. The Statement showed the Regulatory Authority which was then a constituent part of the Central Bank and Financial Services Authority of Ireland (CBFSAI) would have overall operating expenses of €78.079 million in 2010. The Bank proposed that €41.240 million would be raised by means of levies imposed on the financial services industry with the balance of €36.839 million to be met by way of subvention by the CBFSAI.
Following commencement of the 2010 Act section 33N of the Central Bank Act 1942 is replaced by a new procedure whereby the role of the Minister for Finance is limited to approving regulations made by the Bank each year to impose levies on financial service providers for the purpose of funding financial regulation.
Lucinda Creighton (Dublin South East, Fine Gael)
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Question 276: To ask the Minister for Finance the total remuneration awarded to the chairperson, deputy chairperson and lay members of the Irish Financial Services Appeals Tribunal in each of the years 2007, 2008, 2009 and 2010; the allocated funding and expenditure of the tribunal in each of those years; and if he will make a statement on the matter. [1233/11]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
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The Central Bank Act, 1942 as amended by the Central Bank and Financial Services Authority of Ireland Act 2003 provided for the establishment of the Irish Financial Services Appeals Tribunal (IFSAT). IFSAT is an independent body providing for appeals against certain decisions made by the Central Bank (formerly by the Financial Regulator) including administrative sanctions. The Act provides for the appointment of two executive members i.e. the Chairperson and the Deputy Chairperson and no fewer than one and no more than five lay members. The Chairperson's Remuneration for the years 2007 to 2010 are as follows:
2007: Administrative Fees: €48, 528.00
Hearing Fees: € 9, 099.00
Total: €57, 627. 00
2008: Administrative Fees: €34, 374. 00
Hearing Fees: Nil
Total: €34, 374. 00
2009: Administrative Fees: €24, 264. 00
Hearing Fees: € 5,580. 72
Total: €29,844.72
2010: Administrative Fees: €24, 264. 00
Hearing Fees: €930. 12
Total: €25, 194. 12
The Deputy Chairperson's Remuneration for the years 2007 to 2010 are as follows:
2007: Administrative Fees: €26, 426. 40
Hearing Fees: €1, 101. 10
Total: €27, 527. 50
2008: Administrative Fees: €18, 796. 05
Hearing Fees: Nil
Total: €18, 796. 05
2009: Administrative Fees: €13, 267. 80
Hearing Fees: € 7, 120. 39
Total: €20, 388. 19
2010: Administrative Fees: €13, 267. 80
Hearing Fees: Nil
Total: €13, 267. 80
The Lay Members' Remuneration for the years 2007 to 2010 are as follows:
2007: Administrative Fees: Nil
Hearing Fees: €12, 328. 80
Total: €12, 328. 80
2008: Administrative Fees: Nil
Hearing Fees: Nil
Total: Nil
2009: Administrative Fees: Nil
Hearing Fees: €10, 106. 84
Total: €10, 106. 84
2010: Administrative Fees: Nil
Hearing Fees: €1,214. 40
Total: €1, 214.40
Budget and expenditure details are as follows: 2007 –Budget: €452,630 Expenditure: €193,343
2008 –Budget: €488,230 Expenditure: €107,419
2009 - Budget: €419,166 Expenditure: €123,814
2010 – Budget: €529,602
The Tribunal's Accounts for the year 2010 have not been prepared at this time and consequently the expenditure figure is not available.
Lucinda Creighton (Dublin South East, Fine Gael)
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Question 277: To ask the Minister for Finance the remuneration and expenses awarded to members of the following State boards and agencies in the years 2007, 2008, 2009 and 2010: the Civil Services Disciplinary Appeals Board, Credit Union Advisory Committee, Decentralisation Implementation Group, Financial Services Ombudsman Council, Disabled Drivers Medical Board of Appeal, National Development Finance Agency, National Pensions Reserve Fund Commission, Outside Appointments Board, Public Appointments Service Board and Sealuchais Arachais Teoranta; the allocated funding and expenditure of each board or agency in each of those years; and if he will make a statement on the matter. [1234/11]
Lucinda Creighton (Dublin South East, Fine Gael)
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Question 278: To ask the Minister for Finance the allocated funding and expenditure of the State Claims Agency policy committee in each of the years 2007, 2008, 2009 and 2010; and if he will make a statement on the matter. [1235/11]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
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The State Claims Agency (SCA) is a function of the National Treasury Management Agency (NTMA). The administrative costs incurred by the NTMA in the performance of this function, which include the fees and expenses of the State Claims Agency Policy Committee, are included in the administration expenses of the NTMA and are charged to the Central Fund -
2007 | 2008 | 2009 | 2010 | |
Administrative costs | €7.2m | €7.5m | €7.8m | n.a.* |
of which:feesexpenses of SCA Policy Committee | €41,578€1,426 | €35,553€1,426 | €32,378€1,470 | €43,425**€270** |
* Not yet available
**Preliminary and unaudited.
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