Results 23,921-23,940 of 27,019 for speaker:Michael Noonan

Written Answers — Financial Institutions Regulation: Financial Institutions Regulation (4 Oct 2011)

Michael Noonan: The information requested by the Deputy is set out in the Central Bank Annual Report and Annual Performance Statement, both published in May this Year. A breakdown of the different categories of entities for 2010 is as follows: Credit Institutions (Including branches of overseas credit institutions) 78 Life Insurance Companies 70 Non-Life Insurance Companies 152 Reinsurance Companies 115...

Written Answers — Bank Guarantee Scheme: Bank Guarantee Scheme (4 Oct 2011)

Michael Noonan: The number of individual residential properties presently in the ownership of the covered institutions is 807. This information is provided on an aggregate basis for the covered banks due to the commercial sensitivities of the data. The information provided is the most up to date available from each of the covered institutions, with all data less than one month old. The table below...

Written Answers — Mortgage Statistics: Mortgage Statistics (4 Oct 2011)

Michael Noonan: I am advised by the Central Bank that:- the outstanding amount of on-balance sheet loans for buy-to-let properties was €24.5 billion at the end of June 2011, accounting for 25% of loans for house purchase. There was a decline of €58 million in these loans during the three month period ending on 30 June 2011, loans for holiday homes/second homes accounted for 1.1% of on-balance...

Written Answers — Credit Union Regulation: Credit Union Regulation (4 Oct 2011)

Michael Noonan: As Minister for Finance, my role is to ensure that the legal framework for credit unions is appropriate for the effective operation and supervision of credit unions. The Registrar of Credit Unions is responsible for administering the system of regulation and supervision of credit unions provided under the Credit Union Act 1997, with a view to the protection by each credit union of the funds...

Written Answers — Credit Union Regulation: Credit Union Regulation (4 Oct 2011)

Michael Noonan: The statutory instrument to which the Deputy refers sets out the rules made by the Registrar of Credit Unions at the Central Bank of Ireland which impose requirements on credit unions to keep a minimum amount of liquid assets to enable them to meet their liabilities as they arise. Among other things, this is to ensure that credit union members can continue to access their savings on demand....

Written Answers — Vehicle Registration Tax: Vehicle Registration Tax (4 Oct 2011)

Michael Noonan: I am informed by the Revenue Commissioners that the individual does not, in their view, qualify for an exemption of vehicle registration tax (VRT) under Section 134 (1)(c) of the Finance Act 1992 and accordingly the claim for an exemption was refused. Section 134 (1) (c) provides for an exemption from payment of VRT in relation to a vehicle where that vehicle is the personal property of a...

Written Answers — Construction Industry: Construction Industry (4 Oct 2011)

Michael Noonan: NAMA has a commercial remit to manage its portfolio of acquired loans and the property securing them in order to generate the best achievable financial return for the State. Following the transfer of a debtor's loans to NAMA, the debtor is requested to complete a realistic and concise business plan. The viability of the business plan of each major borrower is then assessed by NAMA. Where...

Written Answers — Mortgage Lending: Mortgage Lending (4 Oct 2011)

Michael Noonan: The decision on whether or not to grant a mortgage to a borrower must remain a commercial decision for the lending institution concerned. It is important that each lending institution is allowed to assess properly and independently the risks that it is considering when deciding whether or not to approve a mortgage. Mortgage lending must fully comply with the regulatory requirements both in...

Written Answers — Non-Resident Companies: Non-Resident Companies (4 Oct 2011)

Michael Noonan: It is not possible to answer the Deputy's question because the circumstances of the case are not clear from the information provided. My officials will try to clarify the matter if the Deputy contacts my office with further details.

Written Answers — State Banking Sector: State Banking Sector (4 Oct 2011)

Michael Noonan: Anglo Irish Bank has not recovered any principal monies owed to it by the Quinn Group. However, some recovery of value across the Quinn Group is expected to materialise over time. The companies across the group are in a distressed state, have considerable debt and guarantee burdens and require time and improved market conditions to stabilise before recovery can take place. With regard to the...

Written Answers — Vehicle Registration Tax: Vehicle Registration Tax (4 Oct 2011)

Michael Noonan: I am informed by the Revenue Commissioners that the individual does not, in their view, qualify for an exemption of vehicle registration tax (VRT) under Section 134 (1)(c) of the Finance Act 1992 and accordingly remission of VRT was refused. Section 134 (1) (c) provides for an exemption from payment of VRT in relation to a vehicle where that vehicle is the personal property of a deceased...

Written Answers — Departmental Expenditure: Departmental Expenditure (4 Oct 2011)

Michael Noonan: The table below sets out the list of suppliers to my Department, of professional services, where professional service withholding tax has been applied and the invoice value of each, in the past twelve months. Supplier Name Invoice Amount€ A&L Goodbody 2,823.00 Core International 1,131.25 Charles Rivers Assoc 50,000.00 Baseline Creative Services 5,500.66 KR Economics 38,286.51...

Written Answers — Jobs Initiative: Jobs Initiative (4 Oct 2011)

Michael Noonan: I propose to take Questions Nos. 157 and 158 together. The intention of the Jobs Initiative 2011 is to focus our now more limited resources on measures that offer the greatest potential for expansion and employment creation in the domestic economy. The aim is to target key sectors of the economy that can assist in getting people back to work, providing opportunities for those who have lost...

Written Answers — Ministerial Staff: Ministerial Staff (4 Oct 2011)

Michael Noonan: Since my appointment as Minister for Finance on 9 March 2011, the following staff have been appointed to my constituency office: GRADE SALARY SCALE (per annum) 1 Personal Assistant €43,715 - €56,060 1 Executive Officer (EO) €30,516 - €47,975 1 Clerical Officer (CO) €23,177 - €37,341 1 Clerical Officer (CO) €23,042 - €36,267 No travel and subsistence costs were incurred...

Written Answers — EU Budget: EU Budget (4 Oct 2011)

Michael Noonan: I propose to take Questions Nos. 160 and 161 together. I assume that the Deputy is referring to the next Multi-Annual Financial Framework (MFF) for the EU Budget 2014-2020, proposals for which were presented by the European Commission to the Council of Ministers and the European Parliament on 29 June 2011. The negotiations on these proposals will decide on the maximum level of EU budget...

Written Answers — Banking Sector Regulation: Banking Sector Regulation (4 Oct 2011)

Michael Noonan: As Minister for Finance I have ongoing contacts with other Ministers for Finance and various leaders across Europe and beyond on a range of matters including issues concerning financial markets. These contacts on occasion include Heads of Government. I have no specific plans at this point to contact Heads of State or Government regarding the issue of bank bondholders in the next three months.

Written Answers — Expenditure Reviews: Expenditure Reviews (4 Oct 2011)

Michael Noonan: I propose to take Questions Nos. 163, 164, 168, 171 and 184 together. I personally met with the EU-IMF delegation during the combined first and second quarterly review of the EU / IMF Programme of Financial Support for Ireland on the 12th and 15th April 2011 and more recently during the third quarterly review on 8th and 14th July 2011. These meetings were also attended by my colleague, the...

Written Answers — Departmental Agencies: Departmental Agencies (4 Oct 2011)

Michael Noonan: As I have previously stated, it is my intention to examine the approach to remuneration in the National Treasury Management Agency (NTMA) in more detail in the coming months following consultation with my colleague, the Minister for Public Expenditure and Reform. I have also sought the views of the NTMA and of the NTMA Advisory Committee in this regard. In the meantime, I would point out...

Written Answers — Economic Policy: Economic Policy (4 Oct 2011)

Michael Noonan: In relation to the tabling of papers for the consideration by Heads of State or Government, this would be a matter for the Taoiseach. In this regard, I will point out that the Taoiseach is in regular contact with his European counterparts on a wide range of issues. Having said this, I would point out that my fellow European Finance Ministers and I regularly discuss at Eurogroup and Ecofin...

Written Answers — Fiscal Advisory Council: Fiscal Advisory Council (4 Oct 2011)

Michael Noonan: The Departments of Finance and Public Expenditure and Reform jointly published a discussion document entitled Reforming Ireland's Budgetary Framework earlier this year. At the end of May, the Departments of Finance and Public Expenditure and Reform jointly hosted a seminar on the issue of reforming Ireland's budgetary framework. The seminar was intended to allow for discussion and debate...