1. · 2018-12-28 · Executive Board Meeting No, 13 Year 2018 Executive Board Minutes Meetins 3rd April 2018 Attendance: Oerek Moran-(Chair), Nicholas O'Brien, John Mccarthy, Michael

Executive Board Meeting No, 13

Year 2018

Executive Board Minutes Meetins 3rd April 2018

Attendance: Oerek Moran-(Chair), Nicholas O'Brien, John Mccarthy, Michael Mccrath, John

Hogan, Ed Brophy, Mary Mcsharry (Secretary).

Apologies: Des Carville, Niall O'Ceallaigh, Gary Tobin, Paul Ryan, Deborah Swe€ney

1. Statement of lnterest

Nil.

2. Communications & Topical Matters Diary, Minutes of Previous Meeting & Matters Arising

ln addition to the Communications & Topical Matters diary, the following was noted:

Ddil Eireann, Seanad Eireann and Committees are not sitting this week.

Minutes ofthe previous meeting agreed.

The Executive Board expressed its condolences to the family, friends and colleagues of DamienMolloy (RlP), who.ioined the Department in mid-2017 and who passed away, suddenly, lastWednesday. Ar dheis dd go raibh a anam.

3. Strate8ic Matters

3.2 EU and lnternational {incl Erexit}

The Executive Board reviewed and discussed a draft contingency framework document relating

to Srexit.

3.3 End Ql Figures, 201t

A press conference willtake pl3ce tomorrow (Wednesday) to announce the Q1 figures for 2018.

overallthe figures are on profile, with revenue and expenditure, a little behind forecasts.

The engagement with IFAC relating to macro forecasts is ongoing. Research has been completed

by the Department to support our IFAC presentations.

Two presentations given to the IPA and the University of York were highlighted to the

Executive Board, respectively, and these will be published on the Department's website shortly

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3.1 Weekly Dashboards

The Weekly Dashboards were noted.

3.4 Economic update

The Stability Programme is being prepared.

3.5 Banking

Banking update will be delivered at next week's Executive Board meetinS

3.5 Financial Stability Group

The Financial stability Group (FSG) met last week and an update on the agenda items were

given to the Executive Board.

3.7 Departmental Council (DC) - update

The Executive Board was updated by the Chair of the Departmental Council on the main

points arising from the recent meeting. The Chair, reminded the Executive Board that the

Oepartmental Council meets every other month and discusses a range of issues of interest

to staff and their representative bodies.

The key issues discussed included: (i) an update from the Facilities Management Unit (FMU)

on various ongoing projects including the planned move to Miesian Plaza as well as refurb

works to South Block and 14/16 Merrion Streeti {ii) the Children First policy was mentioned

and it was noted that the implications of this legislation need to be communicated to all

staff; (iii) Recruitment, Selection and Mobility Guidelines- update - the Depanmental

Council heard that the Executive Board had recently amended the relevant guidelines and

reaffirmed its position on secondment opportunities; (iv) the upcoming internal PO and AP

competitions were noted and (v) HR gave a presentation based on its recent presentation at

the llTD Awards on "Best Learning and Development Organisation- Medium Categon/'.

The next meeting of the Departmental Council will be in held in mid-May

3,E Taxation lssues

Ongoing dialogue with the EU Commission has delayed the introduction of the Sugar Tax, which

was due to launch on 6'h April 2018. The date has been moved to 1't May 2018.

Formal signinE of the ESCROW deed will take place shortly

4. Matters for Decision

5. Corporate & Operational Matters for lnformation.

5.0 AOB

6.1 Atenda ltems for SMG Review Oay 2018

Agenda items to be considered for the 5MG Conference on 11,r May 2018 - taking place

in Farmleigh.

5.2 Next Week's Erecutiv€ Board MeetintThe next Executive Board meeting is Monday,9th April 2018 at lO.OOam

Derek Moran

Secretary General

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Executive Board Meeting No. 13

Year 2018

4*r".=-


Year 2018

Executive Board Minutes Meeting 96 Aoril 2018

Attendance: oerek Moran (Chair), Nicholas O'Brien, Des carville, Niall O'Ceallaigh, Michael

McGrath, John Hogan, Ed Brophy, Mary Mcsharry (secretary).


Nil.

2. Communicatlons & Topical Matters Diary, Minutes of Previous Meeting & Matters Arising

ln addition to the Communications & Topical Matters diary, the following was noted

Senior officials are attending the AllB Board of Director meetings in Beiiing, China, this week. The

Minister of State is travelling to New York and Eoston, USA on an IFS mission.

Memoranda for 6overnment include two pending from the Department: Proposals for Publishing

the Markets in Financial lnstruments Bill, 2018 and lreland's Stability Programme Update, April

2018. The Ddil, Seanad Eireann and Committees are not sitting this week.

The FOI update for March 2018 was reviewed by the Executive Eoard FOl requests for Ma.ch

2018 are in profile with those in March 2017, a total of 20 received. The total number received

todateislOO(101 in2017). eFOl User testing for the new BuilttoShare system isongoing.

Minutes of the previous meeting agreed

3. Strategic Matters

3.1 weekly Dashboards

The weekly Dashboards were noted

3.2 EU and lnternational (incl Erexitl

Meetings taking place in Berlin towards the end of the week with the Minister meeting the

German Finance and Economic Ministers in Eerlin. The future of EMU is on the agenda for

discussion.

3.3 Taxation lssues

A brief update on EU developments in the Taxation area was provided to the Executive Board

3.4 Bankint

An update on Banking will be delivered at next week's Executive Board

3.5 Compliance Obligation - Post Enactment Scrutiny Reporting Obligation

The Executive Board reviewed a paper from the Head of Compliance regarding an obligation

whereby twelve months followinB the enactment of a Bill, (with the exception of the Finance and

Appropriation Bills), the Minister, who is officially responsible for the implementation of the Act

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Apologies: 6ary Tobin, Paul Ryan, Deborah Sweeney.


Year 2018

is obliged to provide a report to the oireachtas reviewing the functioning of said Act. Across

the Civil Service it is noted that four Departments have met this obligation since 5th November

2013. A total of 11 Acts require post enactment scrutiny reports from this Oepartment. The

Executive Board requested funher information for discussion at next week's Executive Board

meeting.

4. Matte6 tor Decision

5. Corporate & Operational Matte6 for lnformation

5.0 AOB

6.1 |FAC

Departmental officials met with the Council last week and will be made aware by close of

business tomorrow of the position regardint IFAC'S endorsement of the Department's

macroeconomic forecasts, in advance of Budget 2018.

6.2 Next Weefs Executive Board Meeting

The next Executive Board meeting is Monday, 16th April 2018 at

10,(xram

Derek Moran

Secretary General

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Year 2018

Executive Board Minutes Meetine 166 Agril 2018

Attendance: Derek Moran (Chair), Nicholas O'Brien, Oes Carville, Niall O'Ceallaigh, Michael

McGrath, John Ho8an, Gary Tobin, Paul Ryan, Deborah Sweeney, Mary McSharry {5ecretary).

Apologies; Ed Brophy


Nil.

2. Communications & Topical Matters DiarY, Minutes of Previous Maetint & Mattets Arising

Senior officials are attending the PAC this week on the C&AG Report on the Accounts for 2015.

The Stability Programme Update (sPU) will be published on Tuesday afternoon with a press

conference and presentation to be given by the Minister and the Chief Economist, respectively.

Senior officials are also attending the spring meetings of the IMF/WB in Washington DC, USA this

week.

Work is ongoing for the Senior Management Conference which willtake place on 11th May 2018

in Farmleigh - a draft agenda is being prepared. The Executive Board members were reminded

of the Assistant Secretary Network Annual conference which takes place on 27th April 2018 in

Dundalk - Executive Board members were encouraged to attend and a number are attending the

event,

The Public Banking Report will be published this week.

There are no Memoranda for Government pending this week. Minutes of previous meeting

approved and matters arising were noted.


3.l Weekly Dashboards

The Weekly 0ashboards were noted

3.2 EU and International (incl Brexit)

rwo meetings were held in Berlin last week between the Minister, senior officials and the GermanMinisters for Economics and Finance. EFC met in Brussels on Thursday and Friday.

3.3 Taration lssues

Taxation will be discussed at the next Executive Board meeting.

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D.pr nEr ol frn.n{? Executive Board Meeting No. 15

Year 2018

3.4 Eanking and Finance

The Banking Division has completed work on the Department's view of the Private Members Bill

being taken by Deputy Mccrath. This work to be discussed with the Minister in due course.

The Minister is due to meet with PTSB this week

4- Matters for Oecision

5. Corporate & Operational Matte6 for lnformation

5.1 National Ditital Stratety

The Executive Board reviewed the letter received by the Secretary General from the Department

of An Taoiseach. The recently published Action Plan for Jobs 2018 contains a commitment to

develop a high level National Digital Strategy to provide a coherent vision across sectoral policies

to position lreland to maximise economic and societal benefits from digitialisation. Mr Gary

Tobin, Assistant Secretary and Ms Emma Cu nningham (deputy) will be the Department's nominee

on an lnterdepartmental Group.

As the process develops the Executive Board may refine the name of the appointee

5.2 Compliance Obligation - Post Ena€tment Scrutiny Reporting ObliSation

Following on from last week's discussion at the Executive Board meeting, it was confirmed that a

total of four Departments have laid their post enactment reports with the Oireachtas. The

Executive Board acknowledges that the Department will prioritise the commencement and

completionof this process immediately. All Oivisions have been askedto review their obligations

and complete the templates for their respective legislation and liaise with the Legal and

Compliance Units accordingly.

Actlon: esubmission to be prepared for the Minister by the Compliance Unit regardin8 our

obligations on Post Enactment Scrutiny Reporting - Mr RYan

5.3 EB Policy and Development Group Meeting 25th Aptil 2018

Two papers will be presented at the next Executive Board Policy and Development Group

meeting on 25th April 2018. The Economics Division will present a report on Ageing and the

Banking Division will present a paper on the ESRB Feasibility Study on Sovereign Bond Backed

Securities (SBBS).

5.4 Compliance Oblitations - Jan-Apr 20lE

AMastercomplianceoblisationsRegisterismanaSedbythecomplianceUnitwhichcontainsall

Business Unit,s obliSations. There are currently 141 obligations listed on the Register and 25 of

theseareduefortheperiodJanuarytoApril2ol8.Atotalof22obligationsduehaveaRAGstatus

ofgreen,whichindicatesthattheseobligationswillbemet,lhasastatusofamberand2havea

RAG status of red. The Executive Board were advised that the 2 status red items (which relate to

Corporate Affairs) are in train and will be met shortly

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Executive Board Meeting No. L5

Year 2018

6.0 AOB

6.1 PMDS / LEAOS

The Department's return to DPER on the PMDs End of Year Reviews undertaken amounted to

100%. Similarly LEADS were also completed with 100% rate of return. Goal setting for PMDS

stands at 58% as at end March 2018.

6.2 Next Weefs Executive Board Meeting

The next Executive Board meeting is Monday,23rd April2018 at 10.@am

Derek Moran

Secretary General

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\-x g€

Department of finan(e Executive Board Meeting No. 16

Year 2018

Attendance: Derek Moran (Chair), Nicholas O'Brien, Des Carville, Niall O'Ceallaigh, John Hogan,

Gary Tobin, Ed Brophy, Mary Mcsharry (Secretary).

Apologies: Paul Ryan, Michael McGrath, Deborah Sweeney.


Nit.


ln addition to the Communications & Topical Matters diary, the following were noted:

Senior officials are attending the NTMA Board meeting on Tuesday 24th April 2018 and the Eurofi

High Level seminar in Sofia, Bulgaria, Wednesday 25th April 2018.

The Secretary General will chair the Executive Board Policy Development and Review Group

meeting on Wednesday 25th April 2018 - two papers will be presented on Ageing and ESRB

Feasibility Study on Sovereign Bond Backed Securities.

The Secretary General thanked all staff for their input into the Brief, following the Department's

attendance at the PAC last week.

It is envisaged that the Central Bank will issue the update on the Tracker Report, mid-week

Minutes of previous meeting approved and matters arising were noted - the paper due at end

April 2018 will be presented to the Executive Board on 8th May 2018.



The Weekly Dashboards were reviewed. ln particular items that were listed as amber (from our

RAG identifier) were discussed.

3.2 EU and lnternational (incl Brexit)

This week senior officials will be accompanying the Minister to the Eurocroup - the lnformal

ECOFIN meeting in Sofia, Bulgaria on Friday 27th April 2018. There are a number of items on the

agenda overthe two days including Banking Union, Capital Markets Union, Reform of ESM, Digital

Tax amongst other topics. The Minister will also attend the ASEM meeting of Finance Ministers.

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Executive Board Minutes Meeting 23'd April 2018

The Minister is meeting the Chair of the Supervisory Board, European Central Bank

(ECB)/President of Single Supervisory Mechanism (SSM) on Tuesday 24th April 2018 and will be

attending Eurocroup -The informal ECoFIN meeting in Sofia, Bulgaria, on Friday 27th April 2018.

An Roinn AirqeadaisDepartment of Finance


Year 2018

3.3 SPU/SES/NED

The Stability Programme Update (SPU) was published last week and IFAC endorsed the

macroeconomic forecasting undertaken. The Minister attended the Budget Oversight Committee

on Wednesday last. lt is envisaged that the SPU will be submitted to the European Council by the

end of this month.

The SES will be prepared in June - key themes to be decided. The National Economic Dialogue

(NED) is taking place on 27rh and 28th June and there will be a collaborative approach across

Divisions on the preparation work.

3.4 Taxation lssues

The Executive Board received an update on State Aid and the Department's engagement with the

European Commission on ongoing areas of work.

3.5 Banking Update

The Executive Board discussed information management relating to the EU Market Abuse

Regulation (MAR).


5. Corporate & Operational Matters for lnformation

5.1 Finance Unit - End Quarter 1 update

The Finance Unit furnished an end Quarter 12078 Report to the Executive Board on the four key

areas of expenditure: Admin Budget paybill, Admin Budget non pay, Disabled Drivers Fuel Grant

Scheme, Programme Consultancies and the office of the Financial Services and Pensions

Ombudsman. As at end Q1 the Department is not declaring any savings.

Purchase Order compliance from January to end March 2018 was also noted, across all Divisions.

The Executive Board requested to see this information on a monthly basis going forward.

Concerns were raised following a recent internal audit on lT Fixed Assets and by the C&AG, in a

management letter on the Audit of the 2016 Appropriation Account. The Purchase Order

compliance report notes a month on month improvement in the levels of overall compliance,

since January 2018.

A Penalty lnterest Report for Q1 was also noted by the Executive Board

6.0 AOB

5.1Civil Service Excellence and Innovation Awards 2018

An email will issue to all staff on the forthcoming Civil Service Excellence Awards 2OL8 on 24th

April 2018, with the nominations process open from 1't May 2018. Closing date for nominations

is 31't July with the Award ceremony taking place on 22nd November 2018.

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An Roinn Airgeadais

Department of FinanceExecutive Board Meeting No. L6

Year 2018

6.2 HR update

HR will shortly be seeking volunteers at PO and A/Sec level to participate in the shortlisting and

competitive interview process for the internal AP and PO competitions.

The llTD Awards 2018 took place last Friday evening. DPER were awarded the Best Learning and

Development Organisation for 2018 in the Medium category.

5.3 Move to Miesian Plaza

FMU have been advised that the staff move to Miesian Plaza will take place on 15th June 2018.

6.4 Next Meeting of Executive Board

The next Executive Board meeting is Monday, 30th April 2018 at 10.00am

Derek Moran

Secretary General

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f an Roinn Airgeadar:rX' Depanment of Finan(e

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Year 20L8

Executive Board Minutes Meeting 30th April 2018

Attendance: Des Carville (Chair), Nicholas O'Brien, Michael McGrath, John Hogan, Gary Tobin,M ary McSharry (Secretary).

Apologies: Derek Moran, Paul Ryan, Niall O'Ceallaigh, Ed Brophy, Deborah Sweeney


Nil.



The Secretary General is attending the Central Bank Commission Meeting today. The Ministerand Minister of State are attending the All lsland Civic Dialogue in Dundalk today.

The Minister is also meeting with the Tax Appeals Commission this week and senior officials areattending the EU Strategy Committee, Financial Services Committee and EFC Alternates meetingsabroad.

Government Memos on the main agenda this week include the Annual Report of the lrishFinancial Services Appeal Tribunal (IFSAT) for the period ending 3t't December 2OLt. The weeklyschedule in the houses of the Oireachtas includes the Markets in Financial lnstruments Bill201g,through to Second Stage. The Joint Committee on Finance, Public Expenditure and Reform andTaoiseach (FINPERT)willexamine the EU Legislative Proposals on Taxation of the DigitalEconomywith officials from the Department and the Office of the Revenue Commissioners on Wednesday.

Minutes of previous meeting were approved and matters arising were noted.


3.1Weekly Dashboards


3.2 EU and lnternational (incl. Brexit)

The Minister attended the Eurogroup and informal ECOFIN meetings last week. The Minister helda number of bilateral meetings on the margins and also attended a meeting of ASEM FinanceM inisters.

3.3IMF Debrief

The IMF Debrief will be given next week.

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Year 2018

3.4 Eurofi Update

This three day event welcomed over 1,000 participants with 200 speakers from the Financial

lndustry. Opportunitywasaffordedtomeetwithindustryofficials. lt was agreed that the agenda

for the three day event would be forwarded to all members of the Executive Board to highlight

the panel discussion themes.

3,5 Taxation Update

The ESCROW Fund was signed last week

3.6 Banking Update

The report from the Central Bank on Trackers issued last week. Since the December 2017 report,

a further 3,400 cases have been identified. The report noted that 98% of those placed on the

wrong rate have now had that rectified and 90% of cases have received redress.

AIB held their AGM last week. The Heads of Bill for the Rainy Day Fund were forwarded to the

Minister last week.

4, Matters for Decision


5.1 Joint Research Programme on the Macro-Economy, Taxation and Banking: Annual Report

20L7

A short review of the work undertaken as part of the joint research programme between the

Department, the Revenue Commissioners and the ESRI was given to the Executive Board. The

areas of research include the Macro-economy and Taxation in lreland and an additional strand

(added in 2017) relating to Banking and Financial Stability in lreland research. lt was noted that

all papers are published. Three of the Department's Assistant Secretaries sit on the Steering

Committee which meets quarterly.

The Executive Board noted and appreciated the enormous benefits derived from this engagement

and the research work is very relevant to the work of the Department. The research promotes

best practice and has influenced and supported other elements of work within the Department

and across organisations.

6.0 AOB

5.1 Assistant Secretary Network

Four members of the Executive Board attended the A/sec Network event in Dundalk last Friday.

Overall, some 70 attendees participated. Delegates heard speeches from Secretaries General,

Robert Watt and Martin Fraser. Executive Board members noted that it was a very worthwhileevent.

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F An 8o,nn a gead.D

a Oep.4menr or Fin.n.e

The Executive Board was updated on discussions relating to Exit Taxes as well as engagement

between the Minister and the European Commissioner for Competition.

r? Executive Board Meeting No. 17

Year 2018

6.2 IMF Article lV 2018

Handouts relating to the Department's IMF Article lV consultation were given to Executive Board

members. Meetings willtake place from 3'd Mayto 14h May 2018, inclusive. The purpose ofthisvisit by the IMF is to collect economic and financial information and to discuss with officials the

countvs economic developments and policies. On return to IMF headquarters, a report will be

prepared which willform the basis for discussion further at Executive Board level. ASpeciallssues

Seminar will take place in the Central Bank on Tuesday 8rh May 2018.

5.3 Next Meeting of Executlve Board

The next Executive Board meeting is Wednesday, gs May 2018 at lo.ooam

Des carville

Assistant Secretary/specialist

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An Roinn AirgeadaisDepartment of Finance


Year 20L8

Executive Board Minutes Meeting 9th Mav 2018

Attendance: Derek Moran (Chair), Des Carville, Nicholas O'Brien, Michael McGrath, Gary Tobin,

Niall O'Ceallaigh, Mary McSharry (Secretary).

Apologies: John McCarthy, John Hogan, Paul Ryan, Ed Brophy, Deborah Sweeney


Nil.



The Minister and SecretaryGeneralare attending the Article lV meetings with IMF on Wednesday

Government Memos on the main agenda this week include the 9th Post Programme Surveillance

Mission following exit from the EU/IMF Programme of Financial Support for lreland and the

Central Bank of lreland Annual report and Accounts2OlT. The Executive Board noted that the

CriminalJustice (Money Laundering and Terrorist Financing) (Amendment) Bill 2018 is at Second

Stage for the Department of Justice and Equality, on Thursday 10th May 2018.

The monthly FOI statistics for April 2018 were reviewed. A total of 29 FOI requests were received

which is comparable to the number received for the equivalent period in 2Ol7 (a total of 22 FOls

received). Work is ongoing on the development and testing of the Department's eFOl system in

conjunction with OGCIO and the Department's FOI officers.

The monthly Press Office report for April 2018 was reviewed by the Executive Board. A wide

variety of queries were received across the majority of Divisions. A total of 7 press releases and

20 publications issued for the period under review. The Department gained 151 followers on its

Twitter Account in April 2018. Approx. 24,000 impressions were received on Twitter for the

Department's tweet on the publication of the Stability Programme Update 2018.

Minutes of previous meeting were approved and matters arising were noted


3.1Weekly Dashboards



An update on forthcoming meetings in Europe (Eurogroup in June 2018) and Brexit was delivered

to the Executive Board.

3.3 April Exchequer Figures

The April Exchequer figures were noted.

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An Roinn Airgeadais

Department of FinanceExecutive Board Meeting No. L8

Year 2018

3.4 Banking Update

The Executive Board were advised that there will be a number of announcements concerning

the Banking sphere next week. ln addition, members were reminded to advise SFAD of any

matters under consideration in their areas which could constitute price sensitive information

in relation to the banking investments held by the State.

3.5 Finance/Funds Update

Senior officials attended the FSC meeting last week in Brussels and an update was given to the

Executive Board.

The discussion on financial stability in light of Brexit will be considered and raised in the

context of the future work of the FSG.

3.6 Taxation Update

This update will be delivered next week.

3.7 9th Post Programme Surveillance Mission

The 9th Post Programme Surveillance mission by the European Commission and ECB will take

place from 15ttt-13th May 2018. The European Stability Mechanism (ESM) will attend for the

purposes of their Early Warning System, which serves to detect repayment risks in ESM and

European Financial Stability Facility beneficiary Member States.

The primary objective for the mission is to ensure that the Commission, ECB and ESM have an

appropriate and meaningful engagement on the key issues affecting our continued ability to

repay outstanding loans. The mission meetings will focus on the macroeconomic outlook and

risks in the short and medium term, fiscal policy and the medium term outlook and the financial

sector.

Outputs from the mission include a final staff report prepared by the Commission which will go

before the Economic and Financial Committee (EFC) for discussion in early July 2018, with

publication expected shortly thereafter. A further debrief will take place at Eurogroup and

ECOFIN on 12/73 July 2018.


4.1Agenda for SMG Away Day llth May

The Executive Board agreed the proposed agenda for the SMG away day in Farmleigh on 11th May

2018.

5. Corporate & Operational Matters for tnformation

5.1Annual Report 2OL7 - Department of Finance

The report will be discussed and signed off at next week's Executive Board meeting.

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Executive Board Meeting No. L8

Year 2018

5.2 Finance Unit - Purchase Order Compliance (to end April 2018)

The monthly report was discussed. From next month, the Executive Board have asked that the

report include the number and value of the Purchase Orders raised with a narrative around each

percentage noted. The Executive Board also requested that the Finance Unit define the process

for setting up Purchase Orders and relay the process to the FM Co-ordinators and other staff

across the Department who raise Purchase Orders.

5.3 CSMB Update

The Civil Service Management Board held an 'away day' in Malahide, Co Dublin, on 3'd and 4th

May 2018.

5.4 lnformation on Government Memoranda

The Government Secretariat notified Departments that should a Memo be cleared by the

Taoiseach to go via hard copy to a government meeting, then the relevant department must

ensure that 25 hard copies of the memo are provided for the meeting. Departments were also

reminded of the timeframes for submission of items to the Government Secretariat.

5.0 AOB

6.1 lMl Masterclass

The next lMl Masterclass willtake place on 24th May 2018. Dr. ZoE Chance of Yale School of

Management will discuss behavioural economics. Members of the Executive Board will

be attending this event.

5.2 Department of Finance 1950-2000

Research on scoping out and completing the history of the Department during the period 1960-

2000 has begun. This project will take a period of up to two years and the successful

researcher/writer will have access to the Department's archives when writing the history.


The next Executive Board meeting is Monday 14th May 2018 at 10.00am

Derek Moran

Secretary General

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' An Roinn Airgeadais

Department of Finance

' an Roinn a rge:daitoepartmenr of Flnan(e


Year 2018

Executive Board Minutes Meetins 14th Mav 2018

Apologies: Nicholas O'Brien, John McCarthy


N it.

2. Communications & Topical Matters Diary, Minutes of Previous Meeting & Mafters Arising

ln addition to the Communications & Topical Matters diary, the following were noted

Senior officials attending EFC and EPC meetings in Erussels and the FMSS Project Board meeting

on Monday.

Government Memos on the main agenda this week includes the Quarterly Progress Report for Q1

2018 on the implementation of lFS2020- the Strategy for lreland's lnternational Financial Services

(lFS) Sector 2015 - 2020; Preparation of Revised Strategy for the lnternational FinancialServices

Sector and Related lssues; D6il Eireann Private Members' Bill - The Consumer Protection

(Regulation of Credit Servicing Firms) (Amendment) Bill 2018. The Select Committee on Budgeta ry

Oversight will discuss Budget 2019 and the Sustainability of Corporate Tax with Dr Seamus Coffey

in attendance.

Article lV Meetings with IMF conclude on Monday

Minutes of previous meeting were approved and matters arising were noted. The paper on the

financing of the construction sector over the medium term will be presented at the next

Management Board meeting.


3.2 EU and lnternational (incl, Brexit)

An update will be given next week.

3.3 Banking and Financial Services Update

The Executive Board received a general update on forthcoming banking sectorannouncements concerning non-performing loans. lt was noted that prsB,s annual generalmeeting is due to take place on wednesday and that it will provide a trading update in advanceof that meeting.

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Attendance: Derek Moran (Chair), Des Carville, John Hogan, Paul Ryan, Ed Brophy, Deborah

Sweeney, Michael McGrath, Gary Tobin, Niall O'Ceallaigh, Mary Mcsharry (Secretary).

The Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach will discuss

matters relating to the Resolution of Non-Performing Loans on Thursday uth May 2018.



Department of FinanceExecutive Board Meeting No. 19

Year 2018

The State Board appointments process is ongoing with PAS for AIB and the Central Bank of

lreland. The Financial Stability Group meeting takes place on Monday afternoon.

Senior officials attending the interdepa rtmental Pensions Auto Enrolment Programme Board

meeting this week with Department of Employment and Social Protection.

3.4 Taxation / FMSS Update

The Executive Boa rd received a n update on work commencing on the Finance Bill 2019. Meetings

with the office of the Revenue commissioners has commenced.

The FMSS project is a transformational exercise that will introduce a new common financial

management system across government departments and will see the end of JDEdwards

within the Department. The project was due to be delivered at end June 2018 but following

a delay in the delivery of a piece of hardware, a go live date of 10th September 2018 has now

been proposed by the project team.

This timing raises particular risks for this department not least that the brand new system

would be introduced towards the end of the accounting year. Furthermore, user testing

would have to take place during the summer months, the traditional holiday period, and the

period of introduction overlaps with the significant build up to the Budget and Finance bill in

this Department and in DPER, the Estimates preparation period post Budget.

The other first wave adopters have sim ilar concerns with the introd uction of the system in the

September period. EY have concluded a Readiness Review for reaching the September 2018

deadline and under operational capacity, confidence and readiness, they have also highlighted

significant risks to the success of the project. The FMSS Board meets today to discuss the

Readiness Review completed by EY.

3.5 Senior Management Group Conference - Review and Feedback

Positive feedback received from the Executive Board on the Department's Senior Management

Group (SMG)Conference. The discussions on the auto-enrolment of pensions and Brexit/Future

of EMU were very well received by the Group. The Executive Board also acknowledged the

benefits of the session given on GDPR and noted that training on GDPR is ongoing in the

Department.

The Executive Board agreed to meet offsite in advance of the next SMG Conference (ea rly Janua ry

2019) to discuss/reflect on the future steering of the organisation.


4.1 Annual Report 2017

The Executive Board reviewed the document. Report to be reviewed with any amendments to

be forwarded to Corporate Affairs, in advance of sign off and publication.


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I An Roinn Airgeadais

Department of FinanceExecutive Board Meeting No. 19

Year 2018

6.0 AOB

6.1 PMDS GoalSetting

PMDS goal completion rate stands at66%. All Divisions asked to engage and conclude this process

as soon as possible.

5.2 Facilities Update

The Department has been shortlisted by the RIA for a conservation award following the work

completed on South Block during 2Ot6/2O77.

The move to Miesian Plaza is set for 15th June 2018. Other work will begin in South Block on

elements of security, shortly.


The next Management Board meeting is Monday 21st May 2018 at 10.00am

Derek Moran

Secretary General

3lPage

Department ot finance

Management Board Meeting

EB No. 20 Year 2018

Attendance: Paschal Donohoe (Minister), DerekMoran (chair), Des carville, John Hogan, Nicholas

O'Brien, John Mccarthy, Ed Brophy, Deborah Sweeney, Michael Mccrath, Niall O'Ceallaigh,

Michelle O'Connor, Mary Mcsharry (Secretary).

Apologies: Paul Ryan, Gary Tobin


Nil.

2. Communications & Topical Matte6 Diary, Minutes of Previous Meeting & Matters Arising


Government Memos on the main agenda this week include the General Scheme of a Rainy Day

Fund Bill and the Report on Sparkassen Model of Local Public Banking. Government Memos

pending approval include the'Whole of Life' Policies - proposed amendment to markets in

Financial lnstruments Bill 2018.

On Tuesday 22nd May 2018, the Joint Committee on European U nion Affairs will have an exchange

of views with the Conference of Presidents of the European Committee of the Regions' Political

Groups on the likely consequences of Brexit (especially on regions). Mr Karl-Heinz Lambertz,

president of the European Committee of the Regions will attend.

Minutes of previous meeting were approved and matters arising were noted. The Minister's

Office has requested that the titles of all forthcoming Memos for Government, for the months ofJune and July 201.8 be highlighted to the Office, this week.




3.2 EU and lnternational (incl. Erexit)

Areas for discussion at the fodhcoming Eurogroup and ECoFIN meetings were highlighted,including Banking Union and VAT. CSRs will be announced this week.

An update on Brexit was delivered which noted that work is ongoing as part of a whole-of-Government response.

The Secretary General is to join the Scottish Exchequer Committee.

l lPage

Management Board Minutes Meetins 21't Mav 2018

The Minister and senior officials are attending Eurogroup and ECOFIN meetings, in Brussels on

24'h-25'h May 2018. The Minister of State is hosting an insurance information session and

roundtable meeting in Galway today. Senior officials are attending the African Development Bank

meeting in Busan, South Korea this week.

An Roinn Airgeadais

Department of Finance

Management Board Meeting

EB No. 20 Year 2018

3.3 Banking and FinancialServices Update

It is expected that the HBFI Bill will be concluded by 12th June 2018. Progress is being made with

reference to engagement with the Land Agency. There were some announcements in the media

last week from AIB and PTSB on the sales of NPLs.

Work continues on the lnsurance Bill and it is intended that there will be a Memo for Government

on 29th May 2018. At this moment in time some 50% of Setanta cases have been settled. Work

is ongoing with the lnsurance Bill to focus on the processes for settling cases in a speedier fashion.

It was noted that work was still continuing on complying with the Oireachtas Post-Legislative

Scrutiny obligations and a submission was in preparation for the Minister's attention.

3.4 Taxation Update

The Management Board noted the deposits made by Apple into the ESCROW account and

acknowledged the work of all stakeholders and advisors involved in the process, the Taxation

Division team, Banking and Legal Divisions, NTMA, CBI and the AGO.

Work is continuing on the Finance Bill list and the Department continues to work with the Office

of the Revenue Commissioners. Submissions will be prepared and forwarded to the Minister

shortly. lt is envisaged that much of the work with AGO/OPC, on the Finance Bill, will take place

in July 2018.



5.1Social Media Policy

The process for developing a Social Media Policy for the Department was discussed. The

Management Board agreed that a policy that sets out the standards that are expected from

Departmental staff.

5.2 GDPR and Ministerial Representations

The General Data Protection Regulation and Data Protection (GDPR) Act 2018 willtake effect from

25th May 2018. A number of scenarios were presented relating to the receipt and reply to

correspondence and how the various scenarios will be affected with the introduction of GDPR.

5.0 AOB


The next Executive Board meeting is Monday 28th May 2018 at 10.00am

Derek Moran

Secretary General

2lP age

Oepartment of Finan<e Executive Board Meeting No.21

Year 2018

Attendance: Derek Moran (Chair), Des Carville, John Hogan, Nicholas O'Brien, John McCarthy, Ed

Brophy, Deborah Sweeney, Gary Tobin, Michael Mccrath, Niall o'Ceallaigh, Niamh Callaghan,

Mary Mcsharry (secreta ry).

Apologies: Paul Ryan


Nil.



The Minister is attending the OECD on Wednesday and Thursday this week and the Minister of

State is hosting an insurance information session and an IFS roundtable meeting in Cork today.

Senior officials are attending the NTMA Board Meeting, Central Bank Committee meeting and the

EFC Alternates in Paris this week. Senior officials are also attending a meeting in Grenada for the

Ca ribbean Development Bank.

The Minister of State will attend the Select Committee on Fina nce, Public Expend iture and Reform

and An Taoiseach for Committee State consideration of the markets in Financial lnstrument Bill

2018 on Thursday.

3, Strategic Matters


A review of last week's Euro8roup and ECOFIN meetings was given to the Executive 8oard. The

Minister attended with senior officials. Banking Union, ESM and Capital Market Union were

discussed at Eurogroup. Ecofin highlighted discussions on CSRs, risk reduction and risk sharing.

The Minister also met with his UK counterpart and the Belgian Budget Minister

Brexit baselines will be discussed at the next EU Council meeting which will take place on 28th and

29th J une 2018.

l lPage

Executive Board Minutes Meetinp 28th Mav 2018

The Department has no Government Memos on the main agenda this week. lt was noted that

the Department of Communications, Climate Action and Environment is discussing statements on

piloting a New Zealand style Community Banking system, through An Post, in the Seanad on

Wednesday. The Select Committee on Budgetary Oversight will discuss Country Specific

Recommendations and Assessment of the 2018 Stability Programme for lreland on wednesday.



The Weekly Dashboards were reviewed and noted. lt was suggested that the RAG status for the

HBFI Bill be moved from amber to green.

O.panmenr ol rin...e Executive Board Meeting No. 21

Year 2018

3.3 Banking and Financial services Update

It is expected that the HBFI Bill will be concluded by 12th June 2018. An interim report from the

Commission of lnquiry (Project Eagle - NAMA) will be released this week.

The Liquidato/s report (5s) on IBRC will be published by the end of this week. The costs of

liquidation are a feature of this report.

A submlssion is being completed on consumer protection in the lnsurance space arising from The

Cost of lnsurance Working Group. A meeting is taking place this week with the Stock Exchange,

the Department and the Central Bank concerning the CSD issue alongside officials from the Office

of the Revenue Commissions, concerning stamp duty.

3.4 Taxation Update

Work is continuing on the CT Road Map which is a response to the Coffey Report and recent

correspondence from Commissioner Moscovici. The Executive Board were informed of ongoing

activities between the EU Commission and the Department relating to Exit Taxes.

3.5 Summer Economic Statement and NED

Drafting is underway in advance of the publication ofthe Summer Economic Statement (SES). The

proposed date for pu blication of the SES is 19rh June 2018.

3.5 Priority legislation

An update was provided to the Executive Board on the priority legislation going to Government

for the period June and July 2018.

5.1 Q3 and Q4 2018 Division Priorities from Business Planning 2018

Corporate Affairs will be in contact with all Divisions this week to ascertain their Q3 and Q4

priorities arising from the Business Planning process for 2018. An update on achievements etc.

from Q1 and Q2 will also be requested.

5.2 ICT Update

An ICT update was provided to the Executive Board relating to the following project areas:

eCorrespondence, eFOl, esubmissions, introduction of The Hub, ecabinet, the Hive -collaborative space, eRisk (interdepartmental working group), ePQ phone app, eDiscovery,

mobile phones, managed print services, telephony services and eBudget. lt is envisaged that the

new ecorrespondence system will be in place from early/mid June 2018.

2lP age

A draft paper on Capital Markets Union highlighting its importance is being prepared by the

Financial Services Division with a view to circulation, on the Minister's behalf, to the

Nordic/Baltic+2 Group for shared agreement and possible publication in the coming weeks.

The NED preparations were also reviewed - the NED will take place on 27th and 28'h June 2018, in

Du blin Castle.


5. corporate & Operational Matters for lnformation

f;.An Roinn AirgeadaisDepartment of Finance Executive Board Meeting No. 21

Year 2018

5.0 AOB

5.1 GDPR - Department of Finance Compliance

A note was distributed to the Executive Board on the Department's preparedness for GDPR which

launched on 25th May 2018. The Executive Board requested that training is provided and ongoing,

to staff across all Divisions.

5.2!n Memory

A memorial mass took place last week for our colleague Damien Molloy (RlP). This mass was

attended by staff of the Department and Damien's family.

6.3 HR Update

The results for the next stage PO competition issued on Friday last. The next stage will include a

presentation and interview. The results from the first stage AP interviews will issue this week.

The next stage for the AP competition will also include a presentation and interview.

Positive feedback was received from those who attended the recent lMl Masterclass in Sandyford

on 24th May 2018.

Outstanding PMDS goal setting returns were highlighted to the Executive Board. lnterim Reviews

will be issued shortly from PeoplePoint.


The next Executive Board meeting is Tuesday 5th June at 10.00am

Derek Moran

Secretary General

3lPage

oepartment of Finan.e Executive Board Meeting No. 22

Year 2018

Attendance: Derek Moran (Chair), John Hogan, John McCarthy, Gary Tobin, Michael Mccrath,

Paul Ryan, Niall O'Ceallaigh, Niamh Callaghan, Ailish Farrelly (Secretary).

Apologies: Des Carville, Nicholas O'Brien, Ed Brophy, Deborah Sweeney, Mary McSharry


N it.

Z. Communications & Topical Matters Diary, Minutes of Previous Meeting & Matters Arising


The Department has three Government Memos on the main agenda this week in relation to SBCI,

a classified memo in relation to the Budget process, and the Publication of the lnsurance

(Amendment) Bill 2018.

Minutes of previous meeting were approved and matters arising were noted



The Weekly Dashboards were reviewed and noted


It was noted that there would be a Brexit update to Cabinet tomorrow, in advance of the EU

Council at the end of June.

Members of the Executive Board noted the situation in ltaly


An update was given on a meeting with lslF last week, and a potential meeting with the National

Land Development Agency this week.

It was noted that the Department and Central Bank met with the Stock Exchange with regard to

CSD last week. A submission to the M inister to update him on the current work is currently being

prepared.

I lPage

It was noted that the MiFID Bill went to committee stage last week

Executive Board Minutes Meetinp O5th June 2018

The Minister is attending the Bildeberg meetings in Turin this week on Thursday and Friday and

the Minister of State is meeting with the CEOS of a number of insurance companies. Senior

Officials are attending the State Claims Agency Strategy Committee and EFC in Paris. Senior

Officials are also partakinB in lnterview Panels for internal competitions.


Year 2018

A paper for the Executive Board will be prepared in the coming weeks on the remit of the legal

unit.

It was noted that Minister of State D'Arcy will meet with the Alliance for lnsurance Reform in the

coming weeks. An update was also provided on the ongoing work on the development of the IFS

2020-2025 strategy.

3.4 Taxation Update

The Executive Board was updated on a number of issues including the Finance Bill process and

ongoing interactions with the EU Commission.


The Executive Board was briefed on the recent Exchequer Returns. An update on NED

preparations will be addressed at the next meeting.

3.5 Risk Committee Update Q12018

Paul Ryan provided a brief update on the Risk Committee Update, with a full discussion being

deferred to the Executive Board meeting in a fortnight.


4.1 Approval of the 'Management Comments' and 'lmplementation Plan' for lmplementation

of the Compliance Framework and Audit of the Award and Management of Consultancy

Contracts.

ln both cases the proposed comments were agreed for submission back to the lAU.

5. Corporate & Operationa! Matters for lnformation

5.1 Request from DPER for Awards Team Volunteers - CS Excellence and Innovation Awards

It was noted that volunteers for the DPER Awards Team were sought and a reminder email by

Corporate Affairs will issue for applications for the Awards.

6.0 AOB

5. 1. HR Update

The HR Manager gave an update on PMDS completion figures. Handouts were distributed to the

Executive Board

It was noted that a Departmental Council meeting took place last Friday 01 June 2018


The next Executive Board meeting is 1lrh June at 10.00am

Derek Moran

Secretary General

2lP a ge

An Roinn Airgeadais' Department of Finance

oepanhent of Finance Executive Board Meeting No. 23

Year 2018

Attendance: Derek Moran (Chair), John Hogan, John Mccarthy, Gary Tobin, Michael McGrath,

Niamh Callaghan, Des Carville, Nicholas O'Brien, Ed Brophy, Mary Mcsharry (Secretary).

Apologies: Paul Ryan, Niall O'Ceallaigh, Deborah Sweeney


Nil.



The Minister and senior officials are attending the FinPerT Committee Meeting on EU Matters on

Tuesday. The Minister of State will be attending the opening of Moneyconf 2018 with the

Taoiseach on Tuesday. Senior officials are attending the EBRD Board of Directors mission to the

Ealtics today.

The HBFI Bill is listed in the Supplementary Agenda for Government Memos this week. The

FinPerT Committee will discuss matters relating to the Banking Sector on Thursday, 14th June

2018.

The monthly Press Office Report was reviewed by the Executive Board. Queries relating to all

Divisions noted. On average the Department earned 3.7K impressions per day during May 2018.


3,2 EU and lnternational (incl, Brexit)

The Executive Board received an update on the EFC meetings which took place on

Thursday/Friday last week. The future of the EMU a nd Banking Union were d iscussed.

Publication of the UK technical document on a Temporary Customs Arrangement was noted by

the Executive Boa rd.

l iPage

Executive Board Minutes Meeting 1lth June 2018

The graduation ceremony for the first cohort of students of the Professional Diploma in Financial

Services takes place today. The Minister, Secretary General, senior officials and the Head of the

lrish lnstitute of Banking will address the graduating students (22 in total).

FMSS Programme Board meeting also taking place today.

3, Strategic Matters



oepanm€nt of Fin.n(e Executive Board Meeting No. 23

Year 2018


The NAMA Annual Report will issue this week - Iaunched by the Minister. A senior official will

be attending the Bol lnvestor Day in London on wednesday 13th June 2018.

The Central Bank is in the process of concluding the Banking Culture Report. Data are currently

being collated and it is expected that a report will be concluded shortly.

As part ofthe financial services update, the Executive Board noted that a paper is being completed

on CMU. As part of a consultative approach, obs have been requested from colleagues in the

Nordic/Baltic group. Approval has been received for the lnsurance Bill. The Cabinet Committee

Meeting scheduled to meet today on pensions has been cancelled - the Executive Board was

notified that this may cause slippage on dates set out in the Government's Action Plan.

DraftinB continues on the Rainy Day Fund legislation and it is expected that this Bill will be

published before the Ddil rises. The exact title of the Fund is also being considered/reviewed.

A senior official from the Department addressed the Credit Union's Summer School at the

weekend.

3.4 Taxation Update

Representatives from the European commission are meeting staff and management from the

Taxation Division next week. Submissions for the forthcoming Finance Bill are ongoing.


The draft SES is with the Minister and it is intended that a Memo for Government will be prepared

for Cabinet next Tuesday, with the SES debated in the Diiil on Wednesday. NED preparations are

ongoing.


4.1 Request to further extend period of unpaid special leave

The Executive Board addressed this request and it was decided that an extension will not be

granted. The officer will be requested to return to duty in the Department, in early September

2018.


5.1 Finance Unit - PO Compliance

The Executive Board received an update on the PO compliance for the month of May 2018. A

total of 115 POs were raised during the month and a compliance rate of 86% was noted.

2lP age

.- An Roinn AirgeadaisDepartment of Finance Executive Board Meeting No. 23

Year 2018

6.0 AOB

6. 1. Competition - Principa! Officer

The results of the Principal Officer competition will issue this evening to staff. lt was suggested

that HR consider holding a further session to discuss the competition, future L&D requirements

and also messages/feedback arising from the process.


The next Executive Board meeting is 18th June at 10.00am

Derek Moran

Secretary General

3lPage

-f an no,nn arqeada,s' Department of Finance Executive Board Meeting No. 24

Year 2018

Executive Board Minutes Meetinp 18th June 2018

Attendance: John Mccarthy (Chair), GaryTobin, Michael McGrath, Niamh Callaghan, Des Carville,

Nicholas O'Brien, Ed Brophy, Paul Ryan, Niall O'Ceallaigh, Deborah Sweeney, Mary Mcsharry

(Secretary).

Apologies: Derek Moran, John Hogan


Nit.



The Min ister a nd senior officials are attending Eurogroup/Ecofin on Th u rsday and Friday this week

in Luxembourg. Senior officials are attending the FSC meeting in Brussels and the AllB in Mumbai,

lnd ia.


The Summer Economic Statement (SES) will issue on Tuesday 19th June 2018. The SES will be

discussed in the Diiil on Wednesday 20th June 2018. The FINPERT Committee will discuss

matters relating to the Banking Sector (Ulster Bank) on Tuesday 19th June 2018 and on Thursday

21't June 2018, with AIB in attendance on that date.



Senior officials and the Minister attended the FINPERT Committee last week to discuss MFF, CRS,

Banking Union and Whistle Blower Legislation.

The Executive Board received an update on the agenda items at Eurogroup and ECOFIN, which is

taking place on Thursday and Friday, 21't and 22nd June 2018, respectively. The Eurogroup is

celebrating its 20th year anniversary. ESM and EIB AGM5 will meet en mange of the ECOFIN.

The EU Presidency will be hosted by Austria for the second half of 2018


An lnterim Board will be appointed ahead of the HBFI legislation being set up

l lPage

Memos for Government on the Department's Annual Report 2017 and the Bank Remuneration

Review are on the main agenda this week. The Department furnished observations on the Audio

visual Action Plan.



Oepanment of Finance Executive Board Meeting No. 24

Year 2018

The Minister has agreed to appoint two Board Members from the selection panel for NAMA. The

CBI commission will meet this Thursday, 21't June 2018. The Fossil Fuel Divestment Bill will be at

report stage by 1.2th July 2018. The BankinB Division continue to work on the cB Consolidation

B i .

The FSC will meet this week with the new chair, from Austria. The agenda will cover technical

items including NPL updates and a discussion on the insolvency benchmark. Progress reports will

include CMU and a paper will be completed on this matter, in mid July 201.8.

Drafting continues on the Rainy Day Fund legislation and it is expected that this Bill will be

published before the Ddil rises. The exact title ofthe Fund is also being considered/reviewed.

It is envisaged that the MfG for the lnsurance Database will be prepa red for next week, in advance

of the Diiil rising in mid July 2018.

3.4 Taxation Update

An update will be delivered on Tax at next week's meeting.


The SES will be published tomorrow with it being debated in the Diiil on Wednesday. NED

preparations are ongoing - the theme for this year's NED is Building a Strong and Resilient Mixed

Economy Together.

3.6 Risk Update

Risk papers forwarded to the Executive Board included the minutes from the Q1 2018 Risk

Committee meeting held on 23'd April 2018, the Risks Heat Map for Q1 2018 (at 31't March 2018),

Top Risks (Q1 2018 as at April 2018), Emergency Management Structure Update and the

OperationalRisk RegisterforQl 2018. The Executive Board also reviewedthedraft RiskAppetite

Statement 2018, drafted on 25th May 2018 and agreed that there was a need to align the requests

for Risk Appetite statements with the Business Planning process. The Executive Board decided

that the decision to sign off on risk matters be deferred for a period of two weeks, until the EB

meeting of 2"d July 2018.

The Executive Board noted the paper on the National Risk Assessment 2018 and an update on the

overview of Strategic Risks arising from the draft National Risk assessment 2018. Following

engagement by the Risk Unit, a summary list of five strategic economic risks were prepared by

the Department of An Taoiseach. The Executive Board advised that it would be advisable to send

this list to the relevant Divisions asking for their obs and thereafter, the Executive Board will

review the list again for information purposes before it is forwarded to the Department of An

Taoiseach.

2lP age

The Capital Markets Day announcement was released on Wednesday last by Bank of lreland

and by close of business on Friday the share price was down just over 8%.


Year 2018



5.1 Compliance Obligations May-June 2018

There are a total of 140 items on the compliance listing for the Department, with 18 due during

the requisite period, May!une 2018. lt is envisaged that all of those due in this period will be

completed.

5.2 CivilService Employee Engagement Survey 2OL7 - Department of Finance results

Every Department received their own results from the Employee Engagement Suruey 2017,

which was carried out in October 2017. A copy of the report was forwarded to all staff by the

Secretary General last Friday evening. The report shows very high results for the Department

across all categories - the Department improved their score in 23 out of the 24 areas since the

last survey, carried out in 2015. The Department's scores are also higher across the majority of

categories compared to the Civil Service average. The Executive Board suggested socialising the

main themes for the SMG, this Thursday.

6.0 AOB

5. 1. Competition - Assistant Principal Officer

The results of the Assistant Principal Officer competition will issue today to staff. lt was suggested

that HR consider holding a further session to discuss the competition, future L&D requirements

and also messages/feedback arising from the process. The external interviewers, as part of this

and the Principal Officer process, noted that the standard was extremely high with all candidates

interviewed. A total of 13 staff will be placed on a panel which will last for a period of L2 months.

Next Meeting of Executive Board

is 25th June at 10.00am

John McCarthy

Assistant Secretary

3lPage

An Roinn AirgeadaisDepartment of Finance

Cepdi!_c:ir ' : -i-.e

Executive Eoard Meeting No. 25year 201.8

Exec Board Min Meetins 25th I ne 2018

Attendance: John Hogan (chair), Gary Tobin, John Mccarthy, Niamh calaghan, Des carvi e.Nicholas O'Brien, Ed Brophy, Niall O'Ceallaigh, Mary McSharry (Secretary).

Apologies: Derek Moran, Michael McGrath, paul Ryan, Deborah Sweeney.


N il.

2' communications & Topicar Matters Diary, Minutes of previous Meetint & Matters Arisingln addition to the Communications & Topical Matters diary, the following was noted:

The Minister and senior officials are meeting christine Lagarde today. The National EconomicDialogue will take place this week in Dublin castle. senior officials are attending the cBlconference this week, the Financiar stability Board meeting in Florence, rtaly and also the AnnualMeeting for AllE in Mumbai, lndia.

Memos for Government on the main agenda incrude the Report and Accounts of the NTMA forthe year ended 31't December 2017 Report and Financial statements of the National pensions

Reserve Fund Commission for the year ended 3j." December 2017.

The committee on pubric Accounts wi discuss the Tax Appears commission,s AppropriationAccounts 2016, vote 10 on Thursday 2gth June 2018. Matters relating to the sale of promissoryNote Bonds will be heard by the F|NPERT Committee on Thursday 28rh June 2018.


3. Stratetic Matters


The Weekly Dashboards were noted


Feedback from the Eurogroup and Ecofin meetings, which took place last w€ek was delivered tothe Executive Board. Department officials are meeting with our counterparts in the Treasury, uKon 17th and 18rh July 2018 for a bi,lateral engagement.


PAS are undertaking the process of managing the interviewing process for AIB Board this week.Two appointees to the NAMA Board will be brought to cabinet this week. The Department is

progressing work on the Rainy Day Fund, the Local public Banking Report and lslF Review. TheCentral Bank will be publishing the culture reports on banks in early July 2018.

I I'age

5.1 l{ote on FMSS Testing Plan

The Executive Board were informed of the proposed FMss user Acceptance Testint pran,submitted bythe Finance unit. useracceptancetestingforthenewFMssisprannedtotakepracebetween 9th July and 16th August 2019. staff from across the Department are being rereased toattend training and participate in the testing over the course of the testing period. Training witake place from 2nd to 6th Jury 2018 incrusivery. Thedetairedschedurefortraininghasnotyet-beenreceived by the Department and is yet to be confirmed. The Executive Board thanked staff fortheir availability to participate in the us€r testing during this timeframe.

Depa.lne.1of F n!rceExecutive Board Meeting No. 25

year 2018

3.4 Taxation Update

The Taxation Division hosted, last week, EU commission staff who met with Departmentalofficials and staff from the office of the Revenue commission. papers are being prepared for theTSG which will meet on 10th July 2018. rt is expected that papers wi be finarised by the end ofthis week.

3.5 SES/NED Update

The Summer Economic Statement (SES) was published last Tuesday 19rh June 2O1g

The NED willtake prace this week in Dubrin castre over a two day period. A totar of approximatery270+ people will attend the event. The opening address wi be delivered by An Taoiseach.Professor Alan Barrett will be the overall chair with the Macroeconomic outlook will be deliveredby Professor Kieran McQuinn, ESRI. The closing remarks will be delivered by the Minister forFinance and Public Expenditure and Reform.

4, Matters for Oecision


5.2 Update on User Development Applications (UDAsl

The Executive Board received an update on uDAs, the main tenets of the uDA poricy (contror andtesting) plus the management of critical UDAs, particularly for the period e1 ande22O18. UDAsare applications which are developed by end users rather than tcr. A full list of our uDAs werereviewed by the Executive Board. The Executive Board were informed that the e3 request forDivisions to review their UDAS would be sent from Corporate Affairs shortly.

5.0 AOB

6.1Staff Moved to Miesian plaza

staff from the Department's SFAD and Banking Divisions moved over the weekend to MiesianPlaza. lt was suggested that an Executive Board meeting should take place, shortly, from MiesianPlaza.

6.2 PMDS Stats

outstanding goal setting stats were distributed to members of Executive Board for completion assoon as possible

2lPage

Oeoanm..r.r F hrn.6 Executive Board Meeting No. 25

Year 2018


The next Executive Board meeting will take place on July 2"d at lO,OOam

n Hogan

istant Secret

3ll'].rge

Documents

1. · 2018-12-28 · Executive Board Meeting No, 13 Year 2018 Executive Board Minutes Meetins 3rd April 2018 Attendance: Oerek Moran-(Chair), Nicholas O'Brien, John Mccarthy, Michael