Results 101-120 of 129 for revert speaker:Michael McGrath

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Permanent TSB and KBC Bank (28 Sep 2017)

Michael McGrath: It is hard to understand. In terms of the bank's rates for new business - the 1% discounted rates - people get that for one year. What do they then revert to? Do they revert to the rates for existing business?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland (Resumed): Allied Irish Banks (26 Sep 2017)

Michael McGrath: ...they should have been put on what would be regarded as an actual tracker rate. I have looked at the terms of the mortgage contract, particularly term 3.2, setting out customers' entitlement to revert to a further fixed rate at the end of their period on the fixed rate, conversion to a variable rate or conversion to a tracker interest rate at the bank's then prevailing rates appropriate to...

Ceisteanna - Questions - Priority Questions: Help-To-Buy Scheme (18 May 2017)

Michael McGrath: ..., giving a total of €22 million. The cut-off date was 19 July 2016. The Minister seems to be saying the cost is likely to come in line with the budget estimate of €50 million for this year but we can revert to that issue. I welcome the fact that the Minister has honoured his commitment to conduct an independent assessment to examine the impact of the scheme on the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)

Michael McGrath: ...approaches that question as to the appropriate prevailing rate? The ECB issue is fixed. The margin is not specified in the contract, but what is specified is that the customer has the right to revert to a tracker mortgage at the prevailing rate. If there was no prevailing rate at the time, is it not reasonable that they would be put on the tracker rate that applied previously? How is...

Order of Business (21 Mar 2017)

Michael McGrath: ...service. Those involved in providing the very services on which we rely passionately believe there is such a need. I urge the Taoiseach to examine the issue, discuss it with the Minister and revert to the House.

Tracker Mortgages: Motion (Resumed) [Private Members] (26 Jan 2017)

Michael McGrath: I move amendment No. 1:To delete all words after “Dáil Éireann” and substitute the following:“notes that:— the wrongful denial of mortgage holders of their right to revert to a tracker rate following a period on a fixed interest rate, or the failure to restore mortgage holders to the correct tracker mortgage rate they were entitled to, has affected...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Central Bank of Ireland (20 Dec 2016)

Michael McGrath: ...contractual rights in terms of entitlement to a tracker mortgage rate. There are practices still going on. We are being told now that customers who, under the redress programme, are entitled to revert to a tracker rate are being given a tracker rate of 3.67%. That is a joke. The Central Bank has to go beyond giving a slap on the wrist to the banking system when this kind of thing...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (Variable Rate Mortgages) Bill 2016: Discussion (20 Oct 2016)

Michael McGrath: ...other relevant point is that the Bill is currently with the European Central Bank as part of the consultation we are required to do, as the Chairman has indicated. I understand it is not due to revert to us for another few weeks, or until mid-November. The pre-legislative scrutiny will not delay the taking of the formal Committee Stage of the Bill. I acknowledge the dedication and...

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Michael McGrath: ...the London market in particular, and one would imagine the large UK banks would be knocking on your door and wanting to get involved in providing funding for these developments, how is it that you reverted in almost every case to the Irish banks, who ended up funding 90% of your developments, the vast majority of which were actually abroad?

Central Bank (Variable Rate Mortgages) Bill 2015: Second Stage [Private Members] (7 Jul 2015)

Michael McGrath: ...this evening. The most depressing aspect is that he seems to believe that the banks have moved enough on this issue. I got the distinct impression that he would like to close this file for good. Instead, he should revert to the banks and tell them that the response has not been adequate and that, fundamentally, they have not dealt with the key issue of variable rate mortgage pricing....

Ceisteanna - Questions - Priority Questions: Mortgage Arrears Proposals (7 May 2015)

Michael McGrath: ...solutions that are working to be deployed. The most popular is one of the least effective, namely, arrears capitalisation. We need consistency in the way split mortgages are treated. I will revert to my initial point. Above all else, we need the final say in the restructuring of a person's mortgage to be taken out of the hands of the bank and put in the hands of someone or something...

Written Answers — Department of Social Protection: Social Insurance Yield (31 Mar 2015)

Michael McGrath: 193. To ask the Minister for Social Protection the yield in 2014 from the 4.25% employers' pay-related social insurance rate, which applied to employees with weekly earnings of less than €356, reverting to the original 8.5% rate; and if she will make a statement on the matter. [12690/15]

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: Office of Public Works (10 Dec 2014)

Michael McGrath: ...also to subsidence on the south side of the city but that is a different matter. I wish to raise the way in which minor flood relief work programmes or projects are managed. The delegation may revert to the committee on the detail of the case I wish to raise, which relates to a specific location, the Glen, Glenbrook, Passage West, County Cork. I highlight it as an example because a...

Strategic Banking Corporation of Ireland Bill 2014: Second Stage (10 Jul 2014)

Michael McGrath: ...I note the comments of Mark Fielding of ISME, someone who very much has his finger on the pulse on these matters, who said: ... the fear among credit squeezed SMEs is that the bailed-out banks will revert to form and divert these loan funds to "safer" large businesses. Our banks have 'form' in this area and previous European low-interest loans found their way to less risky larger...

Order of Business (29 May 2014)

Michael McGrath: ...the State millions of euro. When will Committee Stage be taken and when will the Bill be passed? If the Tánaiste does not have an answer in that regard, he can ask the relevant Minister to revert to me on the matter. The Taoiseach indicated that the issue of discretionary medical cards was before the relevant Cabinet sub-committee for consideration and that proposals relating to...

Protection of Residential Mortgage Account Holders Bill 2014: Second Stage [Private Members] (4 Mar 2014)

Michael McGrath: ...not intend to reject the Bill on Second Stage and that it will pass Second Stage tomorrow evening. I sincerely hope, however, this is not merely a cosmetic exercise on the part of the Government and I will revert to that issue in a few moments. I do not for a moment claim this Bill is perfect. It certainly can be improved on Committee Stage, as is the case with any other Bill that is...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Sale of IBRC Mortgage Loan Book: Discussion (26 Feb 2014)

Michael McGrath: ...will be completely closed off for IBRC mortgage holders who will have their mortgages sold by the special liquidator. There is a serious vacuum in the law which must be addressed urgently. I revert to how this issue arose in the first place. We know from parliamentary questions that the Department of Finance was in contact with KPMG as prospective special liquidator for IBRC as far...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Michael McGrath: .... In view of Deputy Boyd Barrett's frequent comments on the EUROSTAT report showing an implicit rate of 6.8%, would the Minister of State ask his officials and perhaps the Revenue Commissioners to revert to the committee with a written report giving the Minister of State’s interpretation of the EUROSTAT report and how EUROSTAT's view can be reconciled with the Department’s...

Other Questions: Tax Yield (15 Nov 2012)

Michael McGrath: I have one further question and if the Minister does not have the answer to hand, he can revert to me on it. The carry-forward effect into next year was estimated to be approximately €300 million but it has now reduced to some €220 million in a medium-term statement. Is there a particular reason for that €80 million drop-off?

Written Answers — Department of Public Expenditure and Reform: Property Ownership (17 Oct 2012)

Michael McGrath: To ask the Minister for Public Expenditure and Reform if any property reverted to the State in accordance with the State Property Act 1954 following the dissolution of a company (details supplied) in 2010; and, if so, if he will provide details of the location of the property and the person currently responsible for same. [45004/12]