Written answers
Thursday, 18 July 2013
Department of Finance
Central Bank of Ireland Expenditure
Michael McGrath (Cork South Central, Fianna Fail)
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167. To ask the Minister for Finance the amount of professional fees incurred by the Central Bank of Ireland in 2011, 2012 and to date in 2013; the nature of the professional services secured; the names and amounts billed by the top ten suppliers of such services; and if he will make a statement on the matter. [36675/13]
Michael Noonan (Limerick City, Fine Gael)
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I have been advised by the Central Bank of the following professional fees for 2011, 2012 and up to 17 June 2013, broken down by category. I am informed by the Central Bank that, for reasons of commercial confidentiality, the Central Bank cannot provide information on individual firms.
Categorised Professional Fees incurred in 2011 | Euros |
---|---|
Legal | 2.919m |
Accountancy | 2.771m |
Financial Services | 29.481m |
Other Consultancy | 777m |
Total | 35.948m |
Categorised Professional Fees incurred in 2012 | Euros |
---|---|
Legal | 1.729m |
Accountancy | 1.698m |
Financial Services | 14.131m |
Other Consultancy | 3.993m |
Total | 21.551m |
Categorised Professional Fees incurred in 2013 to 17 June | Euros |
---|---|
Legal | 181m |
Accountancy | 93m |
Financial Services | 1.656m |
Other Consultancy | 409m |
Total | 2.339m |
The decrease in professional fees in 2012 from 2011 is largely due to reduced expenses incurred (€12.0 million) in relation to the Prudential Capital Assessment Review and Prudential Liquidity Assessment Review of certain financial institutions in 2012. when compared with the previous year (€29.1 million). These costs were fully recouped from the relevant financial institutions.
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