Written answers

Tuesday, 23 September 2014

Department of Finance

Departmental Agencies Staff Remuneration

Photo of Fergus O'DowdFergus O'Dowd (Louth, Fine Gael)
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192. To ask the Minister for Finance the remuneration package for each chief executive officer of State or semi-State organisations under the aegis of his Department; the changes made to such remuneration in the past two years; the remuneration package for each acting CEO if such exists; and if he will make a statement on the matter. [35947/14]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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In response to the Deputy's question, the bodies as listed in the following tables come under my aegis. None of these bodies are strictly in the categories of commercial or non-commercial organisations but I have provided the information for completeness. The information relating to details of the salaries of the most senior personnel in these financial agencies are available from the relevant websites.

Title of OrganisationStatusWebsite Address
Financial Services Ombudsman's Bureau (FSMOB)FMSOB is a statutory office that deals independently with unresolved complaints from consumers about their individual dealings with all financial service providers. It is a free service to the complainantwww.financialombudsman.ie
The Credit Union Restructuring Board (ReBo)ReBo was established on 1st January 2013 in accordance with the Credit Union and the Co-Operation with Overseas Regulators Act 2012, and is the statutory body responsible for facilitating and overseeing the restructuring of credit unions to support their financial stability and long term sustainabilitywww.rebo.ie
National Treasury Management Agency (NTMA)NTMA is a State body which operated with a commercial remit to provide asset and liability management. It has evolved from a single function agency managing the national Debt to a manager to a complex portfolio of public assets and liabilitieswww.ntma.ie
National Assets Management Agency (NAMA)NAMA was established in 2009 as a number of one of the initiatives taken by the Irish Government to address the serious problems which arose in Irelands banking sector as a result of excessive property lendingwww.nama.ie
National Development Finance Agency (NDFA)The NDFA was established in 2003. One of its principal functions is to advise State Authorities on optimal financing of priority public investment projects by applying commercial standards in evaluating financial risks and costs. The NDFA overriding objective is to maximise value for money for the Exchequer. In July 2005 the role and the function of the NDFA was expanded to include a specialised procurement delivery functionwww.ndfa.ie


The Central Bank of Ireland does not have a CEO and it does not come under the aegis of my Department. Details of the top level salaries are available on the Central Bank website.

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