Written answers
Wednesday, 25 November 2015
Department of Finance
Departmental Agencies
Seán Fleming (Laois-Offaly, Fianna Fail)
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72. To ask the Minister for Finance for a list of all new State agencies or bodies established under the aegis of his Department since March 2011; and if he will make a statement on the matter. [41877/15]
Michael Noonan (Limerick City, Fine Gael)
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In response to the Deputy's query please find, in tabular form, all new State agencies or bodies established under the aegis of the Department of Finance since March 2011.
I would ask the Deputy to note that The New Economy and Recovery Authority (NewERA) has been established on a statutory basis within the NTMA following the commencement of the relevant section of the National Treasury Management Agency (Amendment) Act 2014. All staff assigned to the NewERA are employees of the NTMA. NewERA is not a new Body/Agency, it is a new function of the NTMA.
| Name of new Body/Agency created | Date created |
|---|---|
| Credit Union Restructuring Board (ReBo) | The Credit Union Restructuring Board (ReBo) was established by the Minister on an Administrative basis in August 2012. ReBo was placed on a statutory basis on 1 January 2013 on commencement of section 42 of the Credit Union and Co-Operation with Overseas Regulators Act 2012. |
| Irish Bank Resolution Corporation (IBRC) | Irish Bank Resolution Corporation (IBRC) was formed on 1 July 2011 and was the amalgamation of two pre-existing bodies (Anglo Irish Bank Corporation and Irish Nationwide Building Society). Irish Bank Resolution Corporation was subsequently liquidated and Irish Bank Resolution Corporation (in Special Liquidation) was created on 7 February 2013. |
| Irish Fiscal Advisory Council (IFAC) | The Irish Fiscal Advisory Council (IFAC) was established on an interim basis in July 2011 and put on a statutory footing in December 2012 by the Fiscal Responsibility Act 2012. |
| Strategic Banking Corporation of Ireland (SBCI) | The Strategic Banking Corporation of Ireland (SBCI) was incorporated in September 2014. |
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