Results 4,341-4,360 of 27,945 for speaker:Michael McGrath

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Michael McGrath: Mr. Sheridan made the point that the banks are charging differently depending on whether the service requires manual input or is electronic based. Following on from a point made by Mr. Fielding that does not appear to be reflected in the charges. Recently I was looking at a personal customer's set of fees from one of the pillar banks. I do not believe there was any difference between the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Michael McGrath: Permanent TSB, for example, is planning an initiative in the context of current accounts. Mr. Sheridan said in his statement the banks are not obliged to charge the levels approved. Is the Permanent TSB type of initiative one the Central Bank would welcome, one where banks would offer inducements to customers in the context of fees? Would it like to see other banks follow suit?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Michael McGrath: My next question is for Mr. Fielding. Has ISME looked at how we compare with other countries in terms of the banking fees charged to SMEs? Is there any real competition? If an SME that has a good record with its bank wants to move, there are only a small number of potential banks to which it can move. Is that happening and, if so, are SMEs getting more favourable terms with the bank to...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Michael McGrath: To return to Mr. Sheridan, he said in the second paragraph of his opening remarks that the job of the Central Bank under section 149 is to ensure the right balance is struck between credit institutions recovering costs of providing services and that the charges they impose on personal and small business account holders are reasonable and appropriate. Are we getting that balance right at this...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Michael McGrath: Mr. Sheridan mentioned the Consumer Credit Act and the issue of changes to the legislation. Has the Central Bank raised the issue of making changes in that Act with the Government? I do not expect Mr. Sheridan to go into detail on this, but is there ongoing dialogue between the bank and the Government on possible changes that would help the Central Bank do its job.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Michael McGrath: In referring to that issue today, was Mr. Sheridan referring to the legacy of charges that stand notified from 1996?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Michael McGrath: While the banks have invoked some of those in the past year or so, are there many more that stand notified already that the banks could invoke at any time, with the Central Bank having no power to stop them?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Michael McGrath: Are banks close to the ceilings approved in 1996 across the main headings of transaction-based fees businesses and customers face or is there still scope to raise fees?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Michael McGrath: Is the material published on what stands notified since 1996? Can it be accessed? What I am asking Mr. Sheridan to do is to give us details of what stands notified since 1996 but has not yet been applied by the banks. These details would give us some sense of what could be coming down the track. Obviously, the banks are free to submit new applications to the Central Bank at any time and...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Michael McGrath: They should be separated into what has been applied and what has not yet been applied.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Michael McGrath: I am sure the Central Bank can find a way of presenting the information, even if in aggregate form.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Bank Charges: Discussion with Central Bank and ISME (17 Apr 2013)

Michael McGrath: That would be very helpful.

Written Answers — Department of Public Expenditure and Reform: Departmental Debt Collection (18 Apr 2013)

Michael McGrath: To ask the Minister for Public Expenditure and Reform his plans to establish a centralised agency for the collection of all moneys outstanding to the State; and if he will make a statement on the matter. [17862/13]

Written Answers — Department of Finance: Property Taxation Application (18 Apr 2013)

Michael McGrath: To ask the Minister for Finance if a landlord's company, which has been set up for the purposes of managing rental properties and when the company is the owner of the residential properties, is liable for the local property tax; and if he will make a statement on the matter. [18015/13]

Written Answers — Department of Finance: Mortgage Arrears Rate (18 Apr 2013)

Michael McGrath: To ask the Minister for Finance the proportion of residential mortgage holders in arrears of longer than 90 days in which one or both parties to the mortgage are classified as unemployed; and if he will make a statement on the matter. [18164/13]

Written Answers — Department of Finance: Central Bank Property (18 Apr 2013)

Michael McGrath: To ask the Minister for Finance the plans being considered for the future use of the headquarters of the Central Bank of Ireland; the timetable for completion; and if he will make a statement on the matter. [18165/13]

Written Answers — Department of Finance: IBRC Staff (18 Apr 2013)

Michael McGrath: To ask the Minister for Finance if his attention has been drawn to non cooperation by former Irish Bank Resolution Corporation staff with the National Assets Management Agency; and if he will make a statement on the matter. [18166/13]

Written Answers — Department of Finance: Insurance Industry Issues (18 Apr 2013)

Michael McGrath: To ask the Minister for Finance the current maximum outstanding liability of the State in respect of claims against the Insurance Corporation of Ireland; and if he will make a statement on the matter. [18167/13]

Written Answers — Department of Finance: Eligible Liabilities Guarantee Scheme (18 Apr 2013)

Michael McGrath: To ask the Minister for Finance the amount of funds covered by the eligible liabilities guarantee; the amount he expects that will be covered by it at the end of 2013, 2014 and 2015 respectively; and if he will make a statement on the matter. [18168/13]

Written Answers — Department of Finance: Central Bank of Ireland Issues (18 Apr 2013)

Michael McGrath: To ask the Minister for Finance if he will set out in tabular form the value of the Central Bank holdings of gold at the end of each year from 2005 to 2012; the value of all purchases and sales of gold by the Central Bank in each year from 2005-2012; and if he will make a statement on the matter. [18169/13]