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Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Central Bank Bill 2014: Department of Finance (26 Mar 2014)

Michael McGrath: To do that, the amendment is required so the assets and liabilities can first be transferred to Bank of Ireland.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Central Bank Bill 2014: Department of Finance (26 Mar 2014)

Michael McGrath: Mr. Mac Donncha indicated that ICS is the only building society in the country. Under the Central Bank legislation it cannot transfer anything to a bank.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Central Bank Bill 2014: Department of Finance (26 Mar 2014)

Michael McGrath: I will move on to Greece and the ESM. Is the securities market programme the precursor to outright monetary transactions, OMT? Could Mr. Ó Brolcháin explain what happened here? Did the ECB intervene as part of one of the bailouts for Greece and buy bonds on the markets? Is it the interest income deriving from that which has been distributed to the constituent central banks of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Central Bank Bill 2014: Department of Finance (26 Mar 2014)

Michael McGrath: What about the Greek Government bonds?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Central Bank Bill 2014: Department of Finance (26 Mar 2014)

Michael McGrath: Secondary markets.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Central Bank Bill 2014: Department of Finance (26 Mar 2014)

Michael McGrath: What about the money being disbursed here?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Central Bank Bill 2014: Department of Finance (26 Mar 2014)

Michael McGrath: How much is involved?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Central Bank Bill 2014: Department of Finance (26 Mar 2014)

Michael McGrath: Until now the figure is approximately €160 million but going forward each year-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Central Bank Bill 2014: Department of Finance (26 Mar 2014)

Michael McGrath: Over how many years is that spread?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Central Bank Bill 2014: Department of Finance (26 Mar 2014)

Michael McGrath: This arrangement is unique to Greece.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Central Bank Bill 2014: Department of Finance (26 Mar 2014)

Michael McGrath: To clarify the flow of money, it is to provide a legislative basis for Ireland to make transfers to an intermediate account operated by the European Stability Mechanism, ESM.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Central Bank Bill 2014: Department of Finance (26 Mar 2014)

Michael McGrath: In Ireland's case, from where will the money come?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Central Bank Bill 2014: Department of Finance (26 Mar 2014)

Michael McGrath: It will go from the Central Fund to an intermediate account and onwards to Greek authorities.

Written Answers — Department of Finance: Tax Yield (27 Mar 2014)

Michael McGrath: 52. To ask the Minister for Finance the yield in 2013 from allowing persons early access to pension as provided for in budget 2013; and if he will make a statement on the matter. [14642/14]

Written Answers — Department of Finance: Tax Yield (27 Mar 2014)

Michael McGrath: 53. To ask the Minister for Finance the revenue raised from the pension levy in 2013; and if he will make a statement on the matter. [14643/14]

Written Answers — Department of Finance: Property Taxation Yield (27 Mar 2014)

Michael McGrath: 54. To ask the Minister for Finance the revenue raised from the local property tax in 2013; the amount of same that related to early payment of liabilities for 2014; and if he will make a statement on the matter. [14644/14]

Written Answers — Department of Finance: Tax Yield (27 Mar 2014)

Michael McGrath: 55. To ask the Minister for Finance the yield from capital gains tax on an annual basis for each year from 2008 to 2013; the way this yield compares to the expected yield in each year when compared to his Department's published revenue profile; and if he will make a statement on the matter. [14645/14]

Written Answers — Department of An Taoiseach: Employment Data (1 Apr 2014)

Michael McGrath: 142. To ask the Taoiseach the number of persons employed in County Galway at the end of 2011, 2012 and 2013, respectively, both full time and part time; and if he will make a statement on the matter. [15096/14]

Written Answers — Department of Finance: Insurance Levy (1 Apr 2014)

Michael McGrath: 177. To ask the Minister for Finance if he will provide in tabular form the total amount raised from the levy on insurance policies in each year from 2005; and if he will make a statement on the matter. [15095/14]

Written Answers — Department of Finance: Banking Sector (1 Apr 2014)

Michael McGrath: 178. To ask the Minister for Finance the number of customer mobility measures that are in place in respect of Irish banks as a result of EU action; his view on the effectiveness of such measures; and if he will make a statement on the matter. [15097/14]

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