Minister’s Brief

Recommendations

Info

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
Page 1 and 2:
Minister’s Brief 2016 s Page 1 of
Page 3 and 4:
3.2.1.1 Policies on Mortgage Arrear
Page 5 and 6:
1. Introduction For the purposes of
Page 7 and 8:
2.1 Economic and Fiscal Directorate
Page 9 and 10:
2.2 Finance and Banking Directorate
Page 11 and 12:
3. Detailed Briefing Page 11 of 184
Page 13 and 14:
3.1.2 Economic Division Description
Page 15 and 16:
Detail: Economic Outlook Pr
Page 17 and 18:
3.1.2.2 Microeconomic analysis unde
Page 19 and 20:
changes in the relevant tax base) a
Page 21 and 22:
3.1.2.3 Economic coordination inclu
Page 23 and 24:
3.1.2.4 Budgetary/fiscal policy, go
Page 25 and 26:
Assessment of compliance with SGP o
Page 27 and 28:
was a deviation from the fiscal rul
Page 29 and 30:
tax, followed by personal income ta
Page 31 and 32:
Tax Strategy Group - What Does It D
Page 33 and 34:
Detail: Income Tax Policy Income Ta
Page 35 and 36:
Credit in 2014 - that credit was of
Page 37 and 38:
INCOME TAX INCENTIVES Agri-Taxation
Page 39 and 40:
Marine taxation In Budget 2016, a r
Page 41 and 42:
Detail: Indirect Tax Policy Tax Hea
Page 43 and 44:
outcomes, then it was proportionate
Page 45 and 46:
More fundamental threats to tobacco
Page 47 and 48:
3.1.3.4 Finance Bill co-ordination,
Page 49 and 50:
ise in both equity markets and prop
Page 51 and 52:
Tax Head 2007 (€m) 2013 (€m) 20
Page 53 and 54:
3.1.3.5 International taxations, co
Page 56 and 57:
fully in line with the new OECD req
Page 58 and 59:
3.1.5.1 EU Economic Governance issu
Page 60 and 61:
At EU level, the Governance section
Page 62 and 63:
3.1.5.2 EU-IMF Post Programme Monit
Page 64 and 65:
2. EU Funding Mechanisms/ Programme
Page 66 and 67:
Detail: The EU Strategy Unit manage
Page 68 and 69:
3.1.5.4 International Relations Uni
Page 70 and 71:
3.1.5.5 Permanent Representation of
Page 72 and 73:
3.2 Finance and Banking Directorate
Page 74 and 75:
3.2.1.1 Policies on Mortgage Arrear
Page 76 and 77:
available is €1.8 million. Initia
Page 78 and 79:
3.2.1.2 Policies on Central Bank po
Page 81:
deemed necessary, it may be prefera
Page 84 and 85:
Detail: Key Initiatives to achieve
Page 86 and 87:
5. Majority of credit requests cont
Page 88 and 89:
3.2.2 Financial Services Division D
Page 90:
A further group is reviewing the re
Page 93 and 94:
financing would be available to cov
Page 95 and 96:
o Cumulative impact of financial le
Page 97 and 98:
3.2.2.2 National and EU policy and
Page 99 and 100:
Securities The draft EU Prospectus
Page 101 and 102:
In addition a full view of the fina
Page 103 and 104:
"packaging", wrapping or bundling t
Page 105 and 106:
3.2.3 Shareholding Management Unit
Page 107 and 108:
3.2.3.1 State’s Banking Investmen
Page 110 and 111:
3.2.3.2 State’s shareholding in A
Page 112:
sheet continues to contract, albeit
Page 118 and 119:
3.2.3.4 NAMA Specialist - Declan Re
Page 120 and 121: Detail: NAMA Background As part of
Page 123 and 124: 3.2.3.5 IBRC (in special liquidatio
Page 125 and 126: In February 2013 the Irish Bank Res
Page 127 and 128: 3.2.3.6 State’s shareholding in P
Page 129 and 130: PTSB’s return to profitability ha
Page 131: Credit Union Restructuring Board (R
Page 134: 3.2.3.8 Management of all legal mat
Page 137 and 138: 3.2.4.1 Risk and Financial Stabilit
Page 139 and 140: • development and maintenance of
Page 141 and 142: epresented and an Industry Advisory
Page 143 and 144: 3.2.4.1 Management of FoI and PQ pr
Page 145 and 146: Page 145 of 184
Page 147 and 148: 3.2.4.1 Liaison with the Attorney G
Page 149 and 150: 3.2.4.2 Management of the Accountan
Page 151 and 152: Future Developments The vote accoun
Page 153 and 154: 3.2.5 International Financial Insti
Page 155 and 156: Key Points: International Monetary
Page 157 and 158: with the delegation led by Second S
Page 159 and 160: assistance to the developing world.
Page 161 and 162: In addition to capital contribution
Page 163 and 164: would be the Minister for Finance o
Page 165 and 166: 3.3 Corporate Page 165 of 184
Page 167 and 168: supported by OPW and a number of ex
Page 169: 3.3.2. Corporate Affairs Descriptio
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
show all

Minister’s Brief

Create successful ePaper yourself

Delete template?

Save as template?