Results 6,181-6,200 of 27,945 for speaker:Michael McGrath

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process (Resumed): Central Bank of Ireland (30 Apr 2014)

Michael McGrath: Can Professor Honohan see how that hands-off approach can result in inequities among individual customers? The institution one is with can be the difference between keeping one's home and not keeping it. If one bank is prepared to write off part of a mortgage to make it sustainable and another is not prepared to countenance that under any circumstances, there could not be two more radically...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process (Resumed): Central Bank of Ireland (30 Apr 2014)

Michael McGrath: People from abroad?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process (Resumed): Central Bank of Ireland (30 Apr 2014)

Michael McGrath: Has that happened?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process (Resumed): Central Bank of Ireland (30 Apr 2014)

Michael McGrath: It is not just rhetoric because we are encountering individual cases that arise as a consequence. We had the advocacy groups here before inviting the banks. It is not just rhetoric. The groups gave us examples of what is happening in practice. Radically different approaches are being taken by the banks.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process (Resumed): Central Bank of Ireland (30 Apr 2014)

Michael McGrath: Some are more ruthless.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process (Resumed): Central Bank of Ireland (30 Apr 2014)

Michael McGrath: Can I ask the Governor about the circumstances of many mortgage holders whose mortgages were originally taken out from a regulated financial institution but which are now held by an entity not regulated by the Central Bank of Ireland, with all the consequences, such as the code of conduct on mortgage arrears and various statutory protections not applying? Is the Governor satisfied to preside...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process (Resumed): Central Bank of Ireland (30 Apr 2014)

Michael McGrath: Have the statements of some hedge funds — US funds — that they will voluntarily comply with the code no standing in the eyes of the Central Bank? If a consumer or mortgage holder feels a fund is not complying with the code, the Central Bank has no enforcement role whatsoever at present.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process (Resumed): Central Bank of Ireland (30 Apr 2014)

Michael McGrath: May I ask the Governor about the outcome of the court case yesterday? I refer to the sentencing of two former senior Anglo Irish Bank executives.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process (Resumed): Central Bank of Ireland (30 Apr 2014)

Michael McGrath: I respect that. I want to again quote Judge Nolan when he said that it would be most unjust to jail these two men when he felt that a State agency - the financial regulator - led the two men into error and illegality. As the current Governor of the Central Bank and the financial regulator as such, what is Professor Honohan's reaction to that? Are there any consequences in respect of any...

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

Michael McGrath: 46. To ask the Minister for Finance the position regarding the State supported banks; the proportion of their outstanding loans that are on a non-recourse basis; and if he will make a statement on the matter. [19802/14]

Written Answers — Department of Finance: IBRC Loans (1 May 2014)

Michael McGrath: 51. To ask the Minister for Finance the position regarding the disposal of transfer of the remaining Irish Bank Resolution Corporation loan book; if he has issued a direction order on the matter; and if he will make a statement on the matter. [19867/14]

Written Answers — Department of Finance: IBRC Mortgage Loan Book (1 May 2014)

Michael McGrath: 52. To ask the Minister for Finance if the Irish Bank Resolution Corporation mortgage holders whose mortgages are currently still with IBRC will get an opportunity to bid for their own loans; and if he will make a statement on the matter. [19868/14]

Written Answers — Department of Finance: Strategic Investment Bank Establishment (1 May 2014)

Michael McGrath: 53. To ask the Minister for Finance when the proposed strategic investment fund will be put on a statutory footing; the number of staff it will have; what its mandate will be; and if he will make a statement on the matter. [19874/14]

Written Answers — Department of Health: Medical Card Appeals (1 May 2014)

Michael McGrath: 189. To ask the Minister for Health the position regarding a medical card appeal in respect of a person (details supplied) in County Cork. [19875/14]

Written Answers — Department of Transport, Tourism and Sport: Driver Licence Renewals (1 May 2014)

Michael McGrath: 199. To ask the Minister for Transport, Tourism and Sport his plans to review the rule whereby people cannot renew their driver licences more than three months in advance in view of the fact that the rule prevents many emigrants, who might be home for a short holiday period, from renewing their licence while they are here; and if he will make a statement on the matter. [19856/14]

Water Charges: Motion [Private Members] (6 May 2014)

Michael McGrath: At the outset I compliment Deputy Barry Cowen for drafting the motion and my colleague, Deputy Calleary, for moving the motion. As the Minister is well aware, many people are already to the pin of their collar to get by financially on a week to week basis. Putting aside the jockeying and the politics of Fine Gael and Labour on this issue over the past three weeks, the bottom line is that...

Water Charges: Motion [Private Members] (6 May 2014)

Michael McGrath: That is what you put on the record earlier, and I am not sure that the economies of scale apply to that extent.

Water Charges: Motion [Private Members] (6 May 2014)

Michael McGrath: If we examine the figures we will see that the people who will be crucified by what the Minister is introducing will be families with grown up children still living with them. He is providing a free allowance of 38,000 litres for a child under the age of 18 but many people in leaving certificate year are 18 or even 19 years of age or they are attending college for a number of years. The...

Written Answers — Department of Finance: Financial Services Ombudsman Issues (6 May 2014)

Michael McGrath: 145. To ask the Minister for Finance if a restriction applies to staff at the Financial Services Ombudsman office arbitrating on a case involving a firm in which they were previously employed; and if he will make a statement on the matter. [20014/14]

Written Answers — Department of Finance: Mortgage Interest Rates (6 May 2014)

Michael McGrath: 146. To ask the Minister for Finance if a person who takes out a tracker mortgage and subsequently avails of a fixed rate offer from their bank is entitled to return to the tracker rate once the fixed rate period concludes; the obligations on a bank to advise customers availing of a fixed rate offer of the conditions that will apply when the period ends; and if he will make a statement on the...