Minister’s Brief

Recommendations

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3. Development of Irish interests in the EU Budget and manage the EU budgetary cycle Framework / Strategy for EU economic policy coordination 4. Manage post programme processes and membership of Euro area funding mechanisms CORPORATE 1. Develop and Implement underlying actions to HR Strategy 2. Enhance and promote good corporate governance and compliance 3. Maximise efficient and coordinated usage of physical facilities. 4. Contribute to and implement Civil Service Reform Page 8 of 184
2.2 Finance and Banking Directorate 2.2.1 Business Plan Policy Priorities FINANCIAL SERVICES DIVISION (Aidan Carrigan) 1. Review of Insurance (Motor/Flood) and monitor wider financial services sector Target H1 2016 2. Capital Markets Union (CMU): Develop policy on CMU elements and proposals. Target H2 2016 3. Anti-Money Laundering (AML): Complete antimoney laundering National Risk Assessment, in advance of Financial Action Tack Force (FATF) inspection of Ireland in late 2016. Target end 2016 4. EU Directives/Regulations: Ongoing representation of Irish interests in the negotiation of the EU legislative framework for financial services 5. Transpositions: Complete EU transposition agenda through primary and secondary legislation in accordance with EU transposition deadlines BANKING (John Hogan) 1. Implement Financing for Growth agenda and SME funding programme of work through Strategic Banking Corporation of Ireland (SBCI) 2. Implementation of key legislative initiatives – transposition of Payment Accounts Directive, Payments Services Directive, Mortgage Credit Directive 3. Manage relationship with key stakeholders including Central Bank of Ireland (CBI), National Treasury Management Agency (NTMA). 4. Building off the National Payments Plan framework, advance the payments agenda and promote the Consumer protection agenda 5. Continue Mortgage Arrears work and monitor new lending RISK, COMMUNICATIONS, FINANCE, LEGAL & IFS Division (Neil Ryan) 1. Contribute to the International Financial Services strategy - a more coordinated, action driven strategy 2. Financial Services Ombudsman/Pensions Ombudsman merger (from January 2016) CONSOLIDATED STRATEGIC PRIORITIES 1. Actively monitor performance of investments in BoI, AIB and PTSB and advance AIB exit options 2. Continue to develop banking system to support economic growth through Financing for growth agenda and through SBCI while promoting payments and consumer protection Page 9 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: 2.1 Economic and Fiscal 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
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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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Detail: NAMA Background As part of
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3.2.3.5 IBRC (in special liquidatio
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In February 2013 the Irish Bank Res
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3.2.3.6 State’s shareholding in P
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PTSB’s return to profitability ha
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Credit Union Restructuring Board (R
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3.2.3.8 Management of all legal mat
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3.2.4.1 Risk and Financial Stabilit
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• development and maintenance of
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epresented and an Industry Advisory
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3.2.4.1 Management of FoI and PQ pr
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3.2.4.1 Liaison with the Attorney G
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3.2.4.2 Management of the Accountan
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Future Developments The vote accoun
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3.2.5 International Financial Insti
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Key Points: International Monetary
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with the delegation led by Second S
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assistance to the developing world.
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In addition to capital contribution
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would be the Minister for Finance o
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3.3 Corporate Page 165 of 184
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supported by OPW and a number of ex
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3.3.2. Corporate Affairs Descriptio
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member, the Department has a Busine
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ability of both electronic files an
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3.3.3. Human Resources Division Des
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Detail: 1. Organisational Structure
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effectively to improve and deliver
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The Department is currently reviewi
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Erosion of income tax base did not
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Minister’s Brief

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