Results 7,681-7,700 of 27,945 for speaker:Michael McGrath
- Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)
Michael McGrath: When Professor Kane said "AIB" he was referring to Anglo Irish Bank, is that correct?
- Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)
Michael McGrath: Just so we are clear for the record.
- Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)
Michael McGrath: We get confused ourselves. Professor Kane suggested two ways of dealing with the issue of banks that are too big to fail. The first is that one strips out from the reported profit flows some measure of the benefit of being too big to fail in terms of an implicit safety net or guarantee.
- Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)
Michael McGrath: How does one measure that benefit?
- Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)
Michael McGrath: Professor Kane was strong on the issue of penalties and punishment in his opening statement.
- Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)
Michael McGrath: We cannot deal with the area of criminal law but I ask him about regulatory breaches. Where clear breaches are identified by the regulator what kind of penalties should be imposed on the institutions and individuals concerned, depending on the severity of the offence?
- Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)
Michael McGrath: Professor Kane is suggesting such people should not be allowed to hold senior positions in institutions.
- Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)
Michael McGrath: Did that happen in the US?
- Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)
Michael McGrath: Does he think there is reluctance in Europe and the US to address that issue properly by imposing sufficient sanctions where breaches are identified?
- Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)
Michael McGrath: Does Professor Kane believe the lessons have been learned from the crisis?
- Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)
Michael McGrath: Is it an offence in US law to manage a bank recklessly?
- Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)
Michael McGrath: Did the US Administration make the right decision, in Professor Kane's view, in allowing Lehman Brothers to collapse in September 2008?
- Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)
Michael McGrath: Where a bank has to be rescued by a country, and by the people ultimately, is Professor Kane in favour of burden sharing with creditors to reduce the ultimate bill that taxpayers have to incur?
- Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)
Michael McGrath: What creditors should be on the hook for taking losses?
- Central Bank (Amendment) Bill 2014 [Seanad]: Committee and Remaining Stages (29 Jan 2015)
Michael McGrath: I welcome the passage of the Bill. I apologise that I, as my party's spokesman on finance, was not present to contribute on Second Stage. My reason for not being here is that I was obliged to attend a private meeting of the Joint Committee of Inquiry into the Banking Crisis. I hope the Bill will assist the inquiry in its work by enabling information crucial to its investigations to be...
- Written Answers — Department of Finance: Central Bank of Ireland Transactions (29 Jan 2015)
Michael McGrath: 57. To ask the Minister for Finance if the implementation of quantitative easing by the Central Bank of Ireland will be constrained by its current hold of Exchequer debt as a result of the promissory note arrangement; if these bonds will be specifically excluded from the calculation of the maximum level of quantitative easing that can be undertaken by the Central Bank of Ireland; and if he...
- Written Answers — Department of Finance: Central Bank of Ireland Transactions (29 Jan 2015)
Michael McGrath: 58. To ask the Minister for Finance the options and process for the Central Bank of Ireland for implementation of quantitative easing at a national level; and if he will make a statement on the matter. [4202/15]
- Written Answers — Department of Finance: Central Bank of Ireland Transactions (29 Jan 2015)
Michael McGrath: 60. To ask the Minister for Finance if the Central Bank of Ireland will need to buy the bonds of other eurozone states in a reciprocal arrangement whereby they would buy Government bonds to maximise the potential of quantitative easing; and if he will make a statement on the matter. [4204/15]
- Written Answers — Department of Finance: Sovereign Debt (29 Jan 2015)
Michael McGrath: 54. To ask the Minister for Finance the State’s current exposure to Greek government debt; and if he will make a statement on the matter. [4198/15]
- Written Answers — Department of Finance: EU Meetings (29 Jan 2015)
Michael McGrath: 55. To ask the Minister for Finance further to Parliamentary Question No 69 of 22 January 2015, if he will support the idea of a European debt conference; if he will bring a proposal for such a conference to his ECOFIN colleagues; and if he will make a statement on the matter. [4199/15]