NAMA was established as a separate statutory body with its own Board and CEO appointed by the Minister for Finance. It operates under the aegis of the National Treasury Management Agency (NTMA) which provides it with staff and business support services.
The Board of NAMA must carry out its functions independently but is closely guided by its obligations under the NAMA Act and is subject to a high level of public accountability. The CEO and the Chairman must attend and give evidence whenever required to do so by the Committee of Public Accounts or by other committees of the Oireachtas. In addition to publishing a detailed set of annual accounts, NAMA must also submit quarterly reports to the Minister on its activities, including information about its loans, its financing arrangements and its income and expenditure. These Reports are published on this website once they have been laid before the Houses of the Oireachtas.