Written answers

Thursday, 24 January 2013

Department of Finance

Ministerial Meetings

Photo of Shane RossShane Ross (Dublin South, Independent)
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To ask the Minister for Finance the number of meetings he has held with the Governor of the Central Bank, Mr. Patrick Honohan, since the last General Election; the dates, the purpose of the meetings, the length of each meeting, the outcome and the names of those also in attendance. [3590/13]

Photo of Shane RossShane Ross (Dublin South, Independent)
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To ask the Minister for Finance the number of meetings he has held with the financial regulator, Mr. Matthew Elderfield, since the last election; the dates, the purpose of each meeting and the length of these meetings; the outcome and the names of those also in attendance. [3592/13]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I propose to take Questions Nos. 67 and 69 together.

Since 2010 with the amalgamation of the Financial Regulator and the Central Bank into a single unitary body, the Governor, Professor Patrick Honohan, has overall responsibility for Central Bank policies and in this context I meet with him on a regular basis.

I meet with the Deputy Governor of the Central Bank, Mr. Elderfield, routinely on a near monthly basis as we are both members of the Cabinet sub-committee on Mortgage Arrears. Mr. Elderfield has also joined me, on occasion in attending the special ECOFIN meetings such as the one held on 21st and 22nd October 2011.

In addition, my officials regularly meet with senior officials of the Central Bank, including Professor Honohan and Mr. Elderfield, as part of the normal day to day interaction between my Department and the Central Bank.

Photo of Shane RossShane Ross (Dublin South, Independent)
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To ask the Minister for Finance the number of meetings he has held with the Chief Executive of the National Treasury Management Agency since the last General Election; the dates, the purpose of each meeting, the length of the meeting, the outcome and the names of those in attendance [3591/13]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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The Chief Executive of the National Treasury Management Agency (NMTA), Mr. John Corrigan, reports directly to me and I am in regular contact with him to discuss matters relating to its functions both by phone as well as meeting him. According to my office diary, I had meetings scheduled with Mr. Corrigan on 16 occasions since taking office. Discussions at these meetings related to the operations of the NTMA, including the Agency’s Annual Report and briefing in preparation for meetings of the Economic and Financial Affairs Council (EcoFin). The length of the meetings, the outcomes and the names of those in attendance are not recorded. The following table shows the dates of those meetings -

18 March 201110 November 201109 March 201219 July 2012
21 July 201127 October 201106 June 201223 July 2012
01 September 201101 December 201127 June 201220 September 2012
13 September 201106 March 201211 July 201215 November 2012

In addition, my officials regularly meet with senior officials of the NTMA, including Mr. Corrigan, as part of the normal day-to-day interaction between my Department and the NTMA.

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