Results 7,261-7,280 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: IBRC Loans (26 May 2015)

Michael Noonan: The Special Liquidators have confirmed to me that there has been no evidence to suggest that there was any overcharging or undercharging on mortgage accounts of IBRC.

Written Answers — Department of Finance: Central Bank of Ireland Investigations (26 May 2015)

Michael Noonan: I have been informed by the Central Bank that its enforcement action against persons concerned in the management of Custom House Capital Ltd (in liquidation) commenced after the publication of the Final Report to the High Court by Court Appointed Inspectors dated 19 October 2011. Upon presentation of the aforementioned Final Inspectors' Report on Custom House Capital Ltd...

Written Answers — Department of Finance: IBRC Operations (26 May 2015)

Michael Noonan: As the Deputy is aware, the Review which I have directed the Special Liquidators to undertake shall consider all transactions, activities and management decisions, other than those relating solely to the acquisition of assets by the National Asset Management Agency, which occurred between 21 January, 2009 (being the date of the nationalisation of IBRC) and 7 February 2013 (being the date of...

Written Answers — Department of Finance: Credit Union Fund (26 May 2015)

Michael Noonan: The Government has made available €250 million to the Credit Union Fund for the voluntary restructuring of credit unions being facilitated by the Credit Union Restructuring Board (ReBo)  on a voluntary, incentivised and time-bound basis. The Government has also provided €250 million to the Credit Institutions Resolution Fund for resolution purposes....

Written Answers — Department of Finance: Credit Unions Regulation (26 May 2015)

Michael Noonan: My role as Minister for Finance is to ensure the legal framework for credit unions is appropriate for the effective operation and supervision of credit unions . The Central Bank, under the Credit Union Act, 1997 is responsible for administering the system of regulation and supervision of credit unions with a view to: (a) the protection by each credit union of the funds...

Written Answers — Department of Finance: Credit Unions Regulation (26 May 2015)

Michael Noonan: My role as Minister for Finance 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 at the Central Bank is the independent regulator for credit unions.  Within her independent regulatory discretion, the Registrar acts to support the prudential soundness of individual...

Written Answers — Department of Finance: Credit Unions Regulation (26 May 2015)

Michael Noonan: I have been informed by the Central Bank that it has been necessary to put lending restrictions in place in credit unions where there are regulatory concerns and resultant risk to members' savings. Currently about 52% of all credit unions are subject to lending restrictions. Almost all credit unions with a lending restriction in place have a maximum individual loan size restriction as...

Written Answers — Department of Finance: Credit Unions Regulation (26 May 2015)

Michael Noonan: I have been informed by the Central Bank that it has been necessary to put lending restrictions in place in credit unions where there are regulatory concerns and resultant risk to members' savings. At the end of December 2014 there were 206 credit unions that were subject to lending restrictions. The number of those 206 credit unions that were subject to lending restrictions at the end of...

Written Answers — Department of Finance: Credit Unions Regulation (26 May 2015)

Michael Noonan: My role as Minister for Finance 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 at the Central Bank is the independent regulator for credit unions.  Within her independent regulatory discretion, the Registrar acts to support the prudential soundness of individual...

Written Answers — Department of Finance: Credit Unions Services (26 May 2015)

Michael Noonan: My role as Minister for Finance 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 at the Central Bank is the independent regulator for credit unions.  Within her independent regulatory discretion, the Registrar acts to support the prudential soundness of individual...

Written Answers — Department of Finance: Credit Unions Services (26 May 2015)

Michael Noonan: My role as Minister for Finance 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 at the Central Bank is the independent regulator for credit unions.  Within her independent regulatory discretion, the Registrar acts to support the prudential soundness of individual...

Written Answers — Department of Finance: Credit Unions Regulation (26 May 2015)

Michael Noonan: My role as Minister for Finance 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 at the Central Bank is the independent regulator for credit unions.  Within her independent regulatory discretion, the Registrar acts to support the prudential soundness of individual...

Written Answers — Department of Finance: VAT Rate Application (26 May 2015)

Michael Noonan: The VAT rating of goods and services is constrained by the requirements of EU VAT law with which Irish VAT law must comply. Defibrillators, other than implantable defibrillators, are liable to VAT at the standard rate, currently 23%. Parts or accessories and training are also liable to VAT at the standard rate.  However, training provided in a work setting, for example for the purposes...

Written Answers — Department of Finance: Tax Data (26 May 2015)

Michael Noonan: I propose to take Questions Nos. 284 and 285 together. In relation to the question on yields, I am advised by the Revenue Commissioners that data relating to the net receipts for Capital Acquisitions Tax (CAT), which is comprised in part by inheritance tax, are available from the statistics webpage of the Revenue website at http://www.revenue.ie/en/about/statistics/index.html. In...

Written Answers — Department of Finance: Customs and Excise Protocols (26 May 2015)

Michael Noonan: Decisions in relation to the branding and logo of Revenue are matters for the Revenue Commissioners and not for me as Minister for Finance and I am satisfied with the approach taken by the Commissioners in relation to these issues.  I am advised by the Revenue Commissioners that their corporate logo was amended to "Revenue/Cáin agus Custaim na hÉireann/Irish Tax and Customs" in...

Written Answers — Department of Finance: Financial Services Ombudsman (26 May 2015)

Michael Noonan: Firstly, I must point out that the Financial Services Ombudsman (FSO) is independent in the carrying out of his duties.  It would not be appropriate for me to comment on how he performs his duties. However, I have been informed by the Financial Services Ombudsman's Bureau (FSOB) that they are introducing measures to reduce costs associated with persons obtaining stenographic...

Written Answers — Department of Finance: IBRC Legal Cases (26 May 2015)

Michael Noonan: Due to commercial confidentiality and sensitivities, and also solicitor/client confidentiality, the Special Liquidators do not propose to provide details of moneys spent in litigating the specified case. Furthermore, the Special Liquidators do not comment on individual cases.

Written Answers — Department of Finance: IBRC Loans (26 May 2015)

Michael Noonan: I propose to take Questions Nos. 289 to 291, inclusive, together. I am advised by the Special Liquidators that they are not in a position to comment on individual borrowers. The requested information is confidential and it would not be appropriate for the Special Liquidators to release such information.

Written Answers — Department of Finance: IBRC Loans (26 May 2015)

Michael Noonan: The Special Liquidators have confirmed to me that no borrowers were offered discounts on their loans as an incentive to refinance their loans elsewhere.

Written Answers — Department of Finance: Mortgage Data (26 May 2015)

Michael Noonan: Recent Central Bank research published in the Quarterly Bulletin this April gave a total number of PDH mortgage accounts with all lenders of 758,988. It showed a total of 42,169 accounts with non-bank lenders which includes both regulated retail credit firms and currently unregulated entities. At present, the particular referenced firm is not regulated by the Central Bank....