Results 7,041-7,060 of 27,945 for speaker:Michael McGrath

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)

Michael McGrath: There was some publicity recently about another committee, the Committee of Public Accounts, which was discussing inviting NAMA debtors who had exited the NAMA process to appear before the committee and to talk about their experience of being in that process. Does that raise any issues for NAMA and would NAMA have any objections to that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)

Michael McGrath: There are no confidentiality issues or the like.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)

Michael McGrath: Once they are out of NAMA, can they talk freely?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)

Michael McGrath: It is good to have that on the record.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)

Michael McGrath: I have two final brief questions. Is there a wind-up or exit strategy prepared by the board to deal with the end game for NAMA? The staffing issue has been discussed already at length, but is there a plan for the wind-up of NAMA?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)

Michael McGrath: My final question is on an issue that was discussed earlier. I was watching some of the proceedings on the monitor. Up to 90% of the assets have been bought by US funds. On the one hand, NAMA says that what the purchaser does with the assets subsequent to buying them is a commercial matter for themselves, but on the other hand it says that if it knew they were going to make decisions that...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)

Michael McGrath: However, it does not ask. It is not a consideration.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: National Asset Management Agency (22 Oct 2014)

Michael McGrath: Would NAMA ask it what its plans are for the assets?

Topical Issue Debate: Nursing Homes Support Scheme Administration (4 Nov 2014)

Michael McGrath: I thought only senior Ministers were to take Topical Issues.

Finance Bill 2014: Second Stage (4 Nov 2014)

Michael McGrath: I welcome the opportunity to speak on the Finance Bill 2014, which gives effect to the measures announced in budget 2015. It is just three weeks since the budget was introduced, though it must seem like a lifetime ago for many Ministers given that they have been mired in controversy over water charges since then. Anyone who watched the news on RTE today could not but conclude that the...

Mortgage Arrears: Motion [Private Members] (4 Nov 2014)

Michael McGrath: I welcome the opportunity to contribute to this debate and thank Deputy Joan Collins and the other members of the Technical Group for tabling this motion. I apologise that I was not here to listen to some of the contributions so far as I had to attend a meeting of the Oireachtas Committee on Finance, Public Expenditure and Reform - the Minister, Deputy Noonan, is addressing pre-ECOFIN...

Mortgage Arrears: Motion [Private Members] (4 Nov 2014)

Michael McGrath: The code of conduct on mortgage arrears is at the heart of this motion. It was introduced in 2010 and has served borrowers well, in general, by providing a rule book lenders must abide by when dealing with people in mortgage arrears. The rule book was diluted by the current Government in 2013 when it allowed banks to move legally within 30 days against people who are deemed not to be...

Mortgage Arrears: Motion [Private Members] (4 Nov 2014)

Michael McGrath: The definition of a sustainable solution to a mortgage arrears problem is set out towards the back of the mortgage arrears targets programme document and it simply states that a bank must satisfy itself that the solution it offers the individual in arrears is sustainable. The bank acts as judge and jury despite the fact that it is party to the transaction and has a vested interested in...

Written Answers — Department of Social Protection: Job Initiatives (4 Nov 2014)

Michael McGrath: 156. To ask the Minister for Social Protection if she will address a matter raised in correspondence (details supplied) regarding the supported employment initiative. [41002/14]

Written Answers — Department of Social Protection: Pension Provisions (4 Nov 2014)

Michael McGrath: 225. To ask the Minister for Social Protection her views on the option of retirement on a transitional payment until retirement age is reached (details supplied); and if she will make a statement on the matter. [41917/14]

Written Answers — Department of Finance: Universal Social Charge Payments (4 Nov 2014)

Michael McGrath: 269. To ask the Minister for Finance if he will address a matter raised in correspondence (details supplied) regarding the universal social charge. [40917/14]

Written Answers — Department of Finance: Bank Restructuring (4 Nov 2014)

Michael McGrath: 272. To ask the Minister for Finance if his attention has been drawn to the fact that a State supported bank is planning to outsource a number of functions (details supplied); the number of employees who will be affected; the plans the bank has for the future provision of those services; the way the terms and conditions of those employees will be protected; and if he will make a statement on...

Written Answers — Department of Finance: Financial Services Ombudsman (4 Nov 2014)

Michael McGrath: 273. To ask the Minister for Finance his plans to change the rule whereby a person can only submit a complaint to the Financial Services Ombudsman in respect of a product sold to them within the past six years; if he accepts that this rule excludes many consumers from being able to take a case to the Financial Services Ombudsman; and if he will make a statement on the matter. [40995/14]

Written Answers — Department of Finance: Financial Services Ombudsman (4 Nov 2014)

Michael McGrath: 274. To ask the Minister for Finance the further recourse a person has if the Financial Services Ombudsman decides against them in respect of a complaint which has been submitted; his plans to introduce changes in the area; and if he will make a statement on the matter. [40996/14]

Written Answers — Department of Finance: National Pensions Reserve Fund Investments (4 Nov 2014)

Michael McGrath: 281. To ask the Minister for Finance the financial exposure of the National Pensions Reserve Fund and other agencies under the National Treasury Management Agency to the planned incinerator at Poolbeg, Ringsend, Dublin 4; and if he will make a statement on the matter. [41234/14]