Principal Objectives

  • To contribute to the maintenance of financial and economic stability and identify and manage potential risks to that stability.
  • To provide support for other government departments’ and agencies’ efforts to drive strategies for economic growth and increased employment in developing a coherent strategy for the Irish economy across all sectors.
  • To ensure a sound and sustainable financial services system capable of supporting economic growth and job creation.
  • To develop and implement a national credit and lending policy framework to underpin economic recovery consistent with maintaining the prudential status of the banks.
  • To ensure enterprises, and in particular SMES, have access to an appropriate flow of finance from a diverse range of sources including non-bank sources of funding.
  • To continue the development of Ireland as a centre for International Financial Services.
  • To address financial difficulties and distress brought on by the property crisis
  • To represent Irish interests at EU level in relation to financial services issues while respecting the goal of effective supervision consistent with EU financial services initiatives.
  • To promote measures at an EU and international level to encourage growth and employment.
  • To contribute to the development of EU policy and legislation on banking issues and to monitor competition issues.
  • To support the transportation of EU directives, in the financial sector which reflect national interests.
  • To oversee policy and legislation on the regulation of the financial sector.
  • To support policies which ensure effective regulatory supervision of the financial sector.
  • To work closely with the Central Bank to secure financial stability and an effective financial sector.
  • To manage the State’s interests in the restructuring and deleveraging of the banking sector.
  • To prepare the Minister’s ownership interests in the banks and NAMA so as to secure the optimal outcome for the State.
  • To ensure NAMA operates within its statutory framework in achieving its policy objectives.