08/09/2011

NAMA And NTMA Speak At Oireachtas

Another meeting was held today in the interest of Ireland's economic and banking system.

The Oireachtas Committee today met with The National Assests Management Agency (NAMA) and the National Treasury Management Agency (NTMA).

The committee has secured a series of meetings with the main players in the field of domestic and European finance.

The purpose of these sessions is to give the members of the Joint Committee an overview of the major issues that are facing the Irish economy and the banking sector.

Committee Chairman, Alex White TD, said: "This meeting will provide members of the committee with an opportunity to question NAMA chief executive Brendan McDonagh and NTMA chief executive John Corrigan on the roles that both organisations currently play and will play in improving Ireland's financial and economic fortunes.

"It is clear that both organisations have massive roles to play in the financial and economic management of this country and therefore are in a unique position to provide an in-depth picture of the present condition of the Irish financial system."

Over the coming weeks, the Committee will continue its rigorous consultation process with all the main players in the field of domestic and European finance. The Minister for Public Expenditure and Reform, Brendan Howlin TD, and the heads of Bank of Ireland and AIB will also attend upcoming meetings.

The committee has already met with The Irish Central Bank Governor, Patrick Honohan and the Mininster of Finance, Michael Noonan.

(LB/BMcC)

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