Nat O'Connor: The Story (freedom of information blog) offer an insight into why the Minster for Finance transfered powers to the NTMA yesterday:
"One thing that stands out like a sore thumb is the fact that unlike the Department of Finance, the NTMA is not subject to the Freedom of Information Act. Indeed the Department have said to me several times of the past few months that my requests for information were being delayed because the Department was so busy with NAMA, and with other FOIs. Now, it seems, much of the decision making will be made in secret anyway."
You can read the original here.