Department to have ‘fit for purpose’ review

AN international review team has been given until Christmas to examine the performance of the Department of Finance and report on whether it is fit for purpose.

The three-man team will assess how the department and its staff operated over the past 10 years and examine the appropriateness and quality of advice they gave.

This will include the forecasts produced by civil servants and the accuracy of the risks it identified in the run-up to the implosion of the banking sector and the property market.