Michael McGrath (Cork South Central, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

69. To ask the Minister for Finance the amount that has been paid to a company (details supplied) for professional services on the banking crisis since 2008, including any amounts, shown separately, paid by his Department, the Central Bank of Ireland, the National Treasury Management Agency and the National Pension Reserve Fund, or by the covered institutions themselves. [2026/15]

Michael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context | Oireachtas source

I have received the following information in relation to amounts paid to the company in question.

Department of Finance

There is no record of any payments to the company in question during the period.

Central Bank

The Central Bank has not paid for professional services from the firm mentioned, in the period 2008 to present.

National Treasury Management Agency and National Pensions Reserve Fund

In March 2010, the Minister for Finance delegated certain banking system functions to the NTMA.  The delegation was revoked, with effect from 5 August 2011, and the NTMA Banking Unit has since then been seconded to the Department of Finance's Shareholding Management Unit. At the direction of the Minister, certain costs of the Banking Unit (including costs incurred subsequent to the Banking Unit's secondment to the Department of Finance in 2011) continue to be met by the NTMA. Consultancy costs related to services provided by the firm in question incurred by the Banking Unit and met by the NTMA amounted to €7.717 million (ex VAT) as detailed as follows.