Joe Higgins (Dublin West, Socialist Party)
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174. To ask the Minister for Finance the value of financial assets administered here. [39310/13]

Michael Noonan (Limerick City, Fine Gael)
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My Department does not compile detailed figures in respect of the assets in funds administered in Ireland. However, I am informed by the Central Bank of Ireland that the total assets administered by Irish resident Investment Funds at end-Q2 2013 amounted to €1,112 billion.

Irish resident Money Market Funds administered an additional €281 billion. Financial Vehicle Corporations (FVCs), which engage in securitisation activities, administer total assets of €437 billion. Administration services are taken to refer to Funds and FVCs. The Central Bank also informs me that total assets for the non-bank financial sector amounted to €2,410 billion at end-Q1 2013 and total assets for the entire financial economy amounted to €3,626 billion at end-Q1 2013.