Michael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context

The person* who is the subject of the Deputy's question has been seconded from the Central Bank to the Department of Finance with effect from the end of last month. As the requirement for senior staff has increased, the person concerned brings with him considerable relevant experience and expertise. He has been assigned to oversee the recently announced restructuring of the banking sector and associated issues. As part of these duties, the person will report directly to the Secretary-General of the Department of Finance, and will lead the relevant team within the Department of Finance. He will act, in other words, as a senior official within the Department. The assignment of staff on secondment from the Central Bank to the Department and vice-versa is a normal feature of working arrangements between the two organisations, though this may be the first recent time that a secondment has happened at the senior management level. The precise term of the person's secondment from the Central Bank is a matter for discussion between the Department and the Central Bank.