Written answers

Tuesday, 12 April 2011

Department of Finance

National Asset Management Agency

9:00 pm

Photo of Jerry ButtimerJerry Buttimer (Cork South Central, Fine Gael)
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Question 131: To ask the Minister for Finance if he has any proposals to make the National Asset Management Agency more transparent, in view of recent public criticism. [7433/11]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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The Programme for Government states that this Government will insist on the highest standards of transparency in NAMA's operations. I have already met with the NAMA Board and explained that I expect the agency to comply with this commitment to the maximum extent possible. The board has also been made aware that this is an issue that I will be following closely. The NAMA legislation also provides for various reporting mechanisms that are designed to enhance the transparency and accountability of the Agency, including the publication of quarterly reports. I recently have received the report for the 4th quarter of 2010 and I expect to lay this report before both houses of the Oireachtas shortly.

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