Minister’s Brief

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Key Points: This unit project managed the codification a Governance Framework for the Department to provide a clear and comprehensive summary of the principal aspects of corporate governance within the Department of Finance. This unit project manages the development of the Statement of Strategy (new statement required for Q4 2016 under PSM Act 1994) and coordinates the underlying business planning process. The Department has 18 bodies under its aegis. These require varying degrees of oversight in accordance with their governing legislation. A framework document has been developed to assist the responsible sections across the Department in the exercise of the Department’s governance role. Corporate Affairs manages the relationship with the Office of the Government Chief Information Officer (OGCIO – D/PER) who provides ICT services and support. Corporate Affairs manages a relationship framework for both the Audit Committee and Internal Audit Services on behalf of the Accounting Officer. The Business Continuity Management Policy, currently being developed, is part of the Executive Board’s overall management system that establishes, implements, operates, monitors, reviews, maintains and improves business continuity processes in the Department. As part of the Department L & D Programme, international and nationally certified Project Management Training and support services is provided by the Department. Detail: Governance In 2015 the Department codified a Governance Framework for the Department. The Objective was to produce a concise organisational specific Governance Framework that provides a clear and comprehensive summary of the principal aspects of corporate governance within the Department of Finance. This heavily influenced the development of a Corporate Governance Standard for the Civil Service (Action 3 of the Civil Service Renewal Plan), recently approved by Government, that was led by a Working Group consisting of three Secretaries General (Derek Moran/Mark Griffin and John Murphy). It was jointly project managed by officials of this Department and the Department of Public Expenditure & Reform. Strategic Planning, Decision Making & Performance Management The Statement of Strategy, informed by the Programme for Government, outlines high level priorities agreed by the Minister and these priorities are reflected in the annual work programme. To bring clarity to roles and responsibilities at the level of the individual staff Page 170 of 184
member, the Department has a Business Planning framework. This framework is implemented by Corporate Affairs supported by Senior Management. Progress against business plans is monitored by the Executive Board on a weekly, monthly and quarterly basis that is coordinated by Corporate Affairs. A weekly memorandum, compiled by Corporate Affairs, is provided to the Minister who as part of the monitoring role, also meets twice yearly with each of the Directorates to set and review progress on objectives. The business planning framework is flexible to accommodate emerging priorities. The business planning system is underpinned by the implementation of the Performance Management and Development System (PMDS) within the Department. The Department uses an electronic submission recording system which supports formal processes and mechanisms for documenting decisions made within the Department. Note(s) made by the Minister on any submission received from officials is scanned and stored electronically. Divisions have been organised to report to individual members of the Executive Board, who in turn, report to the Secretary General and Second Secretary General who are responsible for the day-to-day running of the Department. Bodies under the Aegis of the Department The Minister/Department of Finance has 18 bodies under its aegis. These require varying degrees of oversight in accordance with their governing legislation and central regulation. A framework document has been developed to assist the responsible section in the Department in the exercise of the Department’s governance role. It is important to note that the oversight and governance of the bodies under the Department’s aegis are requirements which are integral to the Corporate Governance standard. The 18 bodies are: List of the bodies that fall under the aegis of the Department Central Bank of Ireland Irish Fiscal Advisory Council Comptroller and Auditor General National Asset Management Agency Credit Union Advisory Committee National Treasury Management Agency (including State Claims Agency, National Development Finance Agency, National Pensions Reserve Fund Commission New ERA and the Strategic Investment Fund). Disabled Drivers Medical Board of Appeal Office of the Appeals Commissioner Financial Services Ombudsman’s Bureau Office of the Revenue Commissioners Financial Services Ombudsman’s Council Social Finance Foundation Page 171 of 184
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Minister’s Brief 2016 s Page 1 of
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3.2.1.1 Policies on Mortgage Arrear
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1. Introduction For the purposes of
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2.1 Economic and Fiscal Directorate
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2.2 Finance and Banking Directorate
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3. Detailed Briefing Page 11 of 184
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3.1.2 Economic Division Description
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Detail: Economic Outlook Pr
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3.1.2.2 Microeconomic analysis unde
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changes in the relevant tax base) a
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3.1.2.3 Economic coordination inclu
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3.1.2.4 Budgetary/fiscal policy, go
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Assessment of compliance with SGP o
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was a deviation from the fiscal rul
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tax, followed by personal income ta
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Tax Strategy Group - What Does It D
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Detail: Income Tax Policy Income Ta
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Credit in 2014 - that credit was of
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INCOME TAX INCENTIVES Agri-Taxation
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Marine taxation In Budget 2016, a r
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Detail: Indirect Tax Policy Tax Hea
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outcomes, then it was proportionate
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More fundamental threats to tobacco
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3.1.3.4 Finance Bill co-ordination,
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ise in both equity markets and prop
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Tax Head 2007 (€m) 2013 (€m) 20
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3.1.3.5 International taxations, co
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fully in line with the new OECD req
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3.1.5.1 EU Economic Governance issu
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At EU level, the Governance section
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3.1.5.2 EU-IMF Post Programme Monit
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2. EU Funding Mechanisms/ Programme
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Detail: The EU Strategy Unit manage
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3.1.5.4 International Relations Uni
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3.1.5.5 Permanent Representation of
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3.2 Finance and Banking Directorate
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3.2.1.1 Policies on Mortgage Arrear
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available is €1.8 million. Initia
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3.2.1.2 Policies on Central Bank po
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deemed necessary, it may be prefera
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Detail: Key Initiatives to achieve
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5. Majority of credit requests cont
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3.2.2 Financial Services Division D
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A further group is reviewing the re
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financing would be available to cov
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o Cumulative impact of financial le
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3.2.2.2 National and EU policy and
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Securities The draft EU Prospectus
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In addition a full view of the fina
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"packaging", wrapping or bundling t
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3.2.3 Shareholding Management Unit
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3.2.3.1 State’s Banking Investmen
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3.2.3.2 State’s shareholding in A
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sheet continues to contract, albeit
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3.2.3.4 NAMA Specialist - Declan Re
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Page 127 and 128: 3.2.3.6 State’s shareholding in P
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Page 151 and 152: Future Developments The vote accoun
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Page 155 and 156: Key Points: International Monetary
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Page 159 and 160: assistance to the developing world.
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Page 167 and 168: supported by OPW and a number of ex
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Page 173 and 174: ability of both electronic files an
Page 175 and 176: 3.3.3. Human Resources Division Des
Page 177 and 178: Detail: 1. Organisational Structure
Page 179 and 180: effectively to improve and deliver
Page 181 and 182: The Department is currently reviewi
Page 183 and 184: Erosion of income tax base did not
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Minister’s Brief

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