Pearse Doherty (Donegal South West, Sinn Fein)
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222. To ask the Minister for Finance if he will outline the activity over the past year of the National Asset Management Agency Advisory Board comprising persons (details supplied); and if he will outline any recommendations made by that board to him and the subsequent treatment of any such recommendations. [18477/13]

Pearse Doherty (Donegal South West, Sinn Fein)
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223. To ask the Minister for Finance if he will provide an assessment of the utility over the past year of the National Asset Management Agency Advisory Board comprising persons (details supplied) [18478/13]

Michael Noonan (Limerick City, Fine Gael)
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I propose to take Questions Nos. 222 and 223 together.

I met with the group on four occasions in 2012 and once to date in 2013. It is also open to the Chair to contact me as issues arise. The group’s advice to me primarily relates to the strategy of NAMA as proposed by the board of NAMA; the remuneration of the senior executives of NAMA and any further advice that I may seek on any matter relating to NAMA. The group operates on an informal basis and reports directly to me. Any issues raised are discussed with senior officials within my Department. The advisory group plays a valuable role and I am satisfied it is working effectively and with the progress to date. However it is important to note that this group is not a shadow Board nor is it intended to provide a route for me as Minister to get involved in the day to day running of the Agency.