Lenihan spells out role of NTMA

THE Minister for Finance, Brian Lenihan announced last night that the National Treasury Management Agency (NTMA) will assume virtual day-to-day control in dealing with the ongoing banking crisis.

In a statement the minister said the NTMA will assume virtual responsibility for dealing with most of the key issues facing the banks which will be in addition to its overall responsibility for the management of the new National Asset management Agency (NAMA) – the bad bank.

The minister said the agency is responsible for: