Written answers

Tuesday, 7 June 2011

Department of Finance

National Asset Management Agency

9:00 pm

Photo of Tom BarryTom Barry (Cork East, Fine Gael)
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Question 73: To ask the Minister for Finance if he will seek to appoint a Minister for State with specific responsibility for the National Asset Management Agency. [14107/11]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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The National Asset Management Agency has been established as a body corporate and is independent in the performance of its functions under the National Asset Management Agency Act 2009. NAMA has a Board of Directors and a commercial remit under the legislation. The role assigned to the Minister is set out in the legislation. The desirability or otherwise of having a Minister of State with specific responsibility for NAMA is a matter for the Taoiseach.

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