Written answers

Tuesday, 29 September 2015

Department of Finance

Budget Submissions

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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137. To ask the Minister for Finance the meetings his Department has had with the Clearing House Group; if the group has submitted a budget submission to his Department; if so, if it will be made publicly available; and if he will make a statement on the matter. [31770/15]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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IFS 2020 which is the Government's strategy for the development of the international financial services industry was launched in March 2015.  As part of the implementation of the IFS 2020 strategy new implementation structures were established and the Clearing House Group no longer exists. An Industry Advisory Committee (IAC) represents the financial services industry and a High Level Implementation Committee (HLIC) which is a senior group of civil and public servants represents the public sector. My Department is represented on the HLIC. Minister of State Simon Harris TD chaired a joint quarterly meeting of the IAC and HLIC on 21 September, 2015. No pre-Budget submission has been received from the IAC though individual financial services organisations are free to make such submissions. My Department intends to publish Pre-Budget Submissions once the Budget and Finance Bill process is completed.

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