Michael McGrath (Cork South Central, Fianna Fail)
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65. To ask the Minister for Finance his estimate of the number of staff that will be needed post-2016 by the National Asset Management Agency to manage outstanding legal cases in which it is involved; the way this will be managed once the bulk of NAMA’s work is completed; and if he will make a statement on the matter. [3193/15]

Michael Noonan (Limerick City, Fine Gael)
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Staffing levels at NAMA are determined by the NAMA Board with reference to the existing and projected future business needs of the Agency. 

Based on its end-2016 80% senior debt redemption target and its ongoing ancillary funding and co-ordination role in the Dublin Dockland's Strategic Development Zone (SDZ) and in respect of residential development, the NAMA Board estimates that staffing levels will reduce from 370 at end-2014 to 125 at the start of 2017 and 60 at the start of 2018.  These figures include projected legal staff requirements to deal with extant litigation at that time.

These projected staffing levels are subject to on-going review by the NAMA Board and to revision in light of changes to the Agency's strategy.