Results 15,421-15,440 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: European Investment Bank Loans (2 Jul 2013)

Michael Noonan: Since Mr. Werner Hoyer’s appointment as President of the EIB in 2012, there has been a deepening and widening of engagement between Ireland and the Bank. A joint High Level Working Group, HLWG, was established to identify concrete and flexible mechanisms to enhance the Bank’s support for Ireland’s growth agenda. The EIB and Ireland are strongly committed to working...

Written Answers — Department of Finance: Small and Medium Enterprises Supports (2 Jul 2013)

Michael Noonan: In June 2013 the Central Bank set quarterly institution-specific performance targets for covered banks to move distressed borrowers onto longer-term solutions. The targets set reflect the banks’ capacity, processes and systems. The Credit Review process remains available to any SMEs whose credit has been reduced or withdrawn by the pillar banks as well as when credit is refused by...

Written Answers — Department of Finance: Bank Charges (2 Jul 2013)

Michael Noonan: I propose to take Questions Nos. 205, 206 and 213 together. The Government recognises that SMEs are the lifeblood of the economy and will play a vital role in the recovery of employment growth in our country. It is also very conscious of the costs faced by SMEs in doing business and one of the aims of the Action Plan for Jobs 2013 is to reduce controllable costs of doing business. I have...

Written Answers — Department of Finance: Job Creation Issues (2 Jul 2013)

Michael Noonan: I propose to take Questions Nos. 207 and 215 together. Over the past few quarters, we have seen a number of relatively encouraging developments in the labour market. Data from the latest Quarterly National Household Survey show that employment on an annual basis increased by 1.1% in the first quarter of 2013, the second successive quarter of annual growth. In May, the standardised...

Written Answers — Department of Finance: Credit Review Office Remit (2 Jul 2013)

Michael Noonan: The Deputy may be aware that I published an independent assessment of the Credit Review Office late last year and that this assessment was broadly positive about the effectiveness of the Office. That said, I remain concerned at the low level of numbers of SMEs seeking reviews by the Credit Review Office. The most recent report by the Credit Reviewer shows that the Credit Review Office...

Written Answers — Department of Finance: Tobacco Smuggling (2 Jul 2013)

Michael Noonan: I am advised that the Revenue Commissioners are in the process of reviewing their confidential channels available to the public to report illegal activity in relation to tobacco, including smuggling and illegal selling. The provision of a confidential email address is one option which is under consideration. I am also advised that Revenue have a confidential tobacco telephone/hotline that...

Written Answers — Department of Finance: Tax Code (2 Jul 2013)

Michael Noonan: I am informed by the Revenue Commissioners that statistical data is not yet available for the year 2012 as corporation returns associated with 2012 accounting periods are not yet due in many cases.

Written Answers — Department of Finance: Tax Code (2 Jul 2013)

Michael Noonan: Companies incorporated or resident in the State for tax purpose are chargeable to corporation tax on all of the profits arising from their trading activities here after taking account of allowable deductions and reliefs as provided for in the Taxes Consolidation Act 1997. Dividends and other distributions are not deductible in computing profits for tax purposes: whether a company retains its...

Written Answers — Department of Finance: Banking Sector Issues (2 Jul 2013)

Michael Noonan: As the Deputy will be aware the Relationship Frameworks with the banks provide that the State will not intervene in the day-to-day operations of the banks or their management decisions. These frameworks are published on the Department of Finance website. I must ensure that the banks are run on a commercial, cost effective and independent basis to ensure the value of the banks as an asset to...

Written Answers — Department of Finance: Tax Code (2 Jul 2013)

Michael Noonan: I can confirm to the Deputy that I have not met with Prime Minister Cameron to discuss Ireland's tax affairs.

Written Answers — Department of Finance: European Investment Bank Loans (2 Jul 2013)

Michael Noonan: The EIB is currently revising its lending criteria. The draft lending criteria were published on its website on 24 June 2013 having being approved by the Bank’s Management Committee. They will be submitted for discussion and approval to the Bank’s Board of Directors on 23 July 2013. The new EIB Energy Lending criteria are fully aligned with EU policy priorities to deliver...

Written Answers — Department of Finance: Banking Sector Regulation (2 Jul 2013)

Michael Noonan: I propose to take Questions Nos. 218 and 219 together. I have been advised by the Central Bank that they do not require Banks to record calls. As such the Central Bank does not require any recordings to be made available to it.

Written Answers — Department of Finance: Banking Sector Issues (2 Jul 2013)

Michael Noonan: From the date of the nationalisation of Anglo Irish Bank on 16 January 2009, the Minister for Finance directed the bank to co-operate with all regulatory investigations. I am advised by the bank that they are fully co-operating and in that context the Bank has provided originals and/or copies of large data sets under compulsion/court order to the Chartered Accountants Regulatory Body (CARB),...

Written Answers — Department of Finance: Banking Sector Investigations (2 Jul 2013)

Michael Noonan: The Department does not have responsibility or insight into the investigations undertaken by the Gardaí or any other authorised investigating bodies. I have not been made aware of any gaps in information, including phone recordings, by the current or former auditors of IBRC/Anglo Irish Bank or by the Garda Síochána in relation to these matters. Under statute the Garda...

Written Answers — Department of Finance: Banking Sector Issues (2 Jul 2013)

Michael Noonan: I have been advised that the Joint Special Liquidators are investigating the possible source of the leak of the 'Anglo tapes' to the national newspapers. Based on the tapes disclosed up to Monday 1st July 2013 it appears that they form part of data sets that are held by the Bank and their advisors and which have been provided as part of the Regulatory Investigations and civil litigation which...

Written Answers — Department of Finance: Banking Sector Issues (2 Jul 2013)

Michael Noonan: I can confirm that neither I nor any official in the Department issued a request to Anglo for copies of recorded phone calls between bank employees prior to the release of such tapes by a national newspaper. The Department of Finance does not have statutory powers to investigate such matters. It would be completely inappropriate for the Department of Finance to act outside its legal powers...

Written Answers — Department of Finance: Banking Sector Investigations (2 Jul 2013)

Michael Noonan: The Department of Finance has fully complied with all on-going investigations into matters at Anglo Irish Bank by An Garda Síochána and the Office of the Director of Corporate Enforcement and the Investigation Team in the Garda Bureau of Fraud Investigation including the supply of all relevant documentation requested.

Written Answers — Department of Finance: Banking Sector Investigations (2 Jul 2013)

Michael Noonan: Neither the Department of Finance nor the Government were aware of the content of the recorded phone conversations at Anglo Irish Bank referred to in the question. The contents of the tapes were not raised with my Department by the Board of IBRC, I am not aware if Mr Dukes knew of their existence.

Written Answers — Department of Finance: Banking Sector Issues (2 Jul 2013)

Michael Noonan: As the Deputy will be aware banks are required to record phone calls for a variety of reasons. I have not sought access to these recordings as under statute the Garda Síochána are the body responsible for criminal investigations in the State. I understand that the Garda Bureau of Fraud Investigation have requested access to various documents/materials in the banks, including audio...

Written Answers — Department of Finance: Banking Sector Investigations (2 Jul 2013)

Michael Noonan: Under statute the Garda Síochána are the body responsible for criminal investigations in the State. The Department does not have responsibility or insight into the investigations undertaken by the Gardaí or the Central Bank. It would be completely inappropriate for the Department of Finance to act outside of its legal powers and interfere with any investigation that could...