Results 7,661-7,680 of 27,945 for speaker:Michael McGrath
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Draft Heads of Finance (Tax Appeals Commission) Bill: Discussion (27 Jan 2015)
Michael McGrath: I accept that there is a need to make the system more efficient and I have no doubt that some people are using the truncated nature of the system to delay the end point in respect of their own cases. That needs to be dealt with. I am sure my earlier remarks will not be misinterpreted. If somebody is guilty of wrongdoing, I have no difficulty with them being named, as happens under the...
- Irish Collective Asset-management Vehicles Bill 2014: Report Stage (28 Jan 2015)
Michael McGrath: I thank the Minister of State for his remarks and we in Fianna Fáil will be supporting the passage of the Bill. It would be better if we did not have so many amendments on Committee and Report Stages. There are 40 amendments on Report Stage and we had approximately 68 amendments on Committee Stage, a total of over 100 amendments. It can be difficult to cross-reference these with the...
- Irish Collective Asset-management Vehicles Bill 2014: Report Stage (28 Jan 2015)
Michael McGrath: In regard to amendment No. 12, is there a provision whereby the AGM can be dispensed with for a maximum number of occasions successively or can it be postponed indefinitely, with an AGM not required under the law? Will the Minister of State clarify that?
- Irish Collective Asset-management Vehicles Bill 2014: Report Stage (28 Jan 2015)
Michael McGrath: From the point of view of governance of the ICAV, is there any merit in requiring an AGM to be held within a certain timeframe? If not, that is fine.
- Irish Collective Asset-management Vehicles Bill 2014: Report Stage (28 Jan 2015)
Michael McGrath: I thank the Minister and his officials for their work on this legislation. It is good to see the Government paying due attention to the financial services sector and, within that, the Irish funds industry is an important part. As we know, investment in this area is highly mobile. Many of our competitor countries have been ahead of us in respect of this specific area and hopefully this will...
- Housing Affordability: Motion (Resumed) [Private Members] (28 Jan 2015)
Michael McGrath: Deputy Doherty should listen. She might-----
- Housing Affordability: Motion (Resumed) [Private Members] (28 Jan 2015)
Michael McGrath: In 2007.
- Housing Affordability: Motion (Resumed) [Private Members] (28 Jan 2015)
Michael McGrath: At the height of the boom.
- Written Answers — Department of Finance: Tax Reliefs Eligibility (28 Jan 2015)
Michael McGrath: 48. To ask the Minister for Finance if a home that has been certified by a consulting engineer as having pyrite present but has not gone through laboratory testing will qualify for property tax relief. [3994/15]
- Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)
Michael McGrath: I welcome warmly Professor Kane and thank him for making the effort to come and see us and share his expertise with us. I will try to keep my questioning within the confines of his opening remarks and the areas he has set out, but I do need to ask him how familiar he is with the Irish banking crisis.
- Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)
Michael McGrath: Professor Kane is broadly aware-----
- Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)
Michael McGrath: There is no point in any of us going into questions with Professor Kane about the Irish banking crisis per se. It is more the broader issues-----
- Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)
Michael McGrath: It was important to clarify this. Professor Kane made an interesting remark which was that by the time accountants report a firm as being insolvent, the firm has been insolvent for a very long time. Can he explain what he means by this? Does it come down to the recognition of an asset value and if the asset is impaired? Is it because of the accounting standards that there is a significant...
- Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)
Michael McGrath: One of the issues we will be examining is the question which arose in 2008 of solvency versus liquidity in the banks in Ireland. The balance sheets at the time were clearly reporting that the banks were solvent but the question arises of whether adequate provision was made against potential losses or impairments in respect of the assets on the balance sheets. Professor Kane spoke about the...
- Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)
Michael McGrath: One of the central points that Professor Kane made is that there is an implicit safety net for banks. They know, if they get into trouble and are too big to fail, that the State will come to their rescue. Does he think that was a real consideration in the lead-up of the crisis in the back of the minds of executives running large and systemically important institutions around the world?...
- Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)
Michael McGrath: Is the lesson that we should not allow firms to become too big to fail or is it that we should regulate them differently?
- Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)
Michael McGrath: Professor Kane is not necessarily saying institutions should not be allowed to become too big to fail.
- Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)
Michael McGrath: Is it Professor Kane's view that by 2008 some institutions had become too big to fail across Europe and the US?
- Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)
Michael McGrath: Does Professor Kane wish to express a view on Anglo Irish Bank?
- Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)
Michael McGrath: I apologise, he was referring to Anglo Irish Bank.