Éamon Ó Cuív (Galway West, Fianna Fail)
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Question 55: To ask the Minister for Finance the number of State agencies, independent statutory bodies, State boards, or other quangos established by his Department since February 2011; the number which have been abolished; and if he will make a statement on the matter. [30598/11]

Michael Noonan (Limerick City, Fine Gael)
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In the period since February 2011 three bodies have been established under the aegis of my Department. Details in respect of these bodies are as follows.

The Commission on Credit Unions The Commission on Credit Unions was established by the Government on 31 May 2011. Its purpose is to review the future of the credit union movement and make recommendations in relation to the most effective regulatory structure for credit unions, taking into account their not-for-profit mandate, their volunteer ethos and community focus, while paying due regard to the need to fully protect depositors savings and financial stability.

Irish Fiscal Advisory Council The Government decided at the end of June 2011 to establish the Irish Fiscal Advisory Council on an administrative basis. Provision to establish it on a statutory basis will be made in the Fiscal Responsibility Bill. The Council will assess and report on the appropriateness and soundness of the Government's macroeconomic projections, budgetary projections and fiscal stance.

NewERA and the Strategic Investment Fund On 29th September 2011 I as Minister for Finance, together with the Minister for Public Expenditure and Reform , Brendan Howlin T.D. and the Minister of State for NewERA, Fergus O'Dowd T.D., announced the establishment of NewERA and the Strategic Investment Fund under the National Treasury Management Agency (NTMA). NewERA has been established on a non-statutory basis as a Shareholder Executive within the NTMA and its operation will be overseen by the Cabinet Committee on Economic Infrastructure.

No bodies under the aegis of my Department were abolished in the period since February 2011.