Written answers

Wednesday, 20 May 2020

Department of Finance

Departmental Contracts

Photo of Carol NolanCarol Nolan (Laois-Offally, Independent)
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60. To ask the Minister for Finance if his Department has engaged the use of external consultants from 1 January 2020 to date; the details and costs of such engagements; and if he will make a statement on the matter. [5530/20]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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My department regularly publishes details of consultancy expenditure on its website, most recently for Q1 2020.

The following table outlines the detail and costs of my department’s engagement of external consultants from 1 January 2020 to date.

Supplier: The details of such engagements: Costs:
Indecon International Economic Consultants This payment is for an independent report conducted by Indecon entitled the Evaluation of Concept of Community Banking in Ireland.

The report  concludes that there is no business case for the State to establish a public banking system in Ireland, supporting the outcome of a previous report on this issue published by the Department of Finance and the Department of Rural and Community Development in 2018.
133,393.50
Fitzpatrick Associates Credit Demand Survey

The bi-annual Credit Demand Survey is an independent and statistically significant report into the Irish SME landscape and the availability of, and demand for, credit. The full cost of the survey is recouped from participating banks.
73,738.50
Language Communications This payment is for hosting the www.switchyourbank.ie website for 2020. 

The Switch your  Bank campaign is a public awareness campaign to raise awareness and promote customer switching of financial products and is facilitated by the Department of Finance as part of its remit to ensure that consumers are protected within the financial sector in Ireland. The cost of the Switch your Bank campaign is fully recoupable by AIB and Permanent TSB in the context of their restructuring plans.
2,066.40
A&L Goodbody Solicitors Legal advice 15,990.00
William Fry Legal advice 117,374.60
William Fry Legal advice 8,601.39
Total 351,164.39

Supplier: Consultancies engaged but not completed/invoiced yet Cost
RSM Ireland Liquidation cost/outcome review Nil to date
NM Rothschild & Sons Ltd To act as independent Financial Advisor in relation to the State’s remaining banking investments. Nil to date

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