Results 8,161-8,180 of 27,945 for speaker:Michael McGrath

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Michael McGrath: Does he accept that his evidence in public session last January was not very clear and may have given a misleading impression?

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Michael McGrath: In regard to the letter that he sent, the Governor clarified the question on the statutory powers of the Central Bank. Is he satisfied that both the Central Bank, which he dealt with specifically in this letter, and the Financial Regulator had adequate statutory powers to intervene to deal with the build up of losses, the extent of the lending to the property sector, and so forth?

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Michael McGrath: In regard to the reference to Anglo and the figure of €8.5 billion in the note from September 2008, is 25 September the correct date?

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Michael McGrath: That is handwritten on it.

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Michael McGrath: It states: "D Doyle noted that Government would need a good idea of potential loss exposures within Anglo and INBS - on some assumptions INBS could be 2bn after capital and Anglo could be 8½.". Does Professor Honohan view that as evidence that people in senior positions knew there was a potential capital shortfall in Anglo and INBS, and were even at that stage speculating on the...

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Michael McGrath: Can I ask a question?

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Michael McGrath: It is along the lines of where Deputy Higgins was going with his questioning. When Professor Honohan came before us in January, he was asked directly what the bank guarantee cost. He initially said €40 billion and when I contributed I asked him if he meant that this was the cost of the guarantee or the cost of rescuing the banks. Professor Honohan thanked me for correcting him, as...

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Michael McGrath: So that means €4 billion to €8 billion could have been avoided.

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Michael McGrath: The question is that it was widely reported at the time in the media that the bank guarantee decision cost €40 billion. Can Professor Honohan now say in his opinion what additional costs accrued because of the bank guarantee?

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Michael McGrath: The question is: of what-----

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Michael McGrath: It is a relative figure.

Written Answers — Department of Social Protection: Social Insurance Refunds (12 Mar 2015)

Michael McGrath: 79. To ask the Minister for Social Protection the total figures for refunds currently due to public sector employees, where the statute of limitations will apply, for Pay Related Social Insurance S Class payments, which were incorrectly charged on their declared self-employment income, and which should have been excluded, on the basis that they had already paid Class B, C, or D Pay Related...

Written Answers — Department of Social Protection: Social Insurance Refunds (12 Mar 2015)

Michael McGrath: 80. To ask the Minister for Social Protection the total amount for PRSI class S contributions, which were incorrectly charged to the self-employment income of public sector workers who had paid classes B, C, D PRSI contributions on their State incomes for the period 1990 to 2014; and if she will make a statement on the matter. [11035/15]

Written Answers — Department of Social Protection: Social Insurance Refunds (12 Mar 2015)

Michael McGrath: 81. To ask the Minister for Social Protection the rationale for disregarding class S PRSI contributions for public sector workers, when determining their eligibility for the State pension in the years in which they had paid classes B, C, or D PRSI contributions; and if she will make a statement on the matter. [11037/15]

Written Answers — Department of Social Protection: Social Insurance Refunds (12 Mar 2015)

Michael McGrath: 82. To ask the Minister for Social Protection the length of time there has been a requirement to pay Class S Pay Related Social Insurance contributions on self-employment income; and if she will make a statement on the matter. [11038/15]

Written Answers — Department of Social Protection: Social Insurance Refunds (12 Mar 2015)

Michael McGrath: 83. To ask the Minister for Social Protection her plans to automatically refund public sector workers, overcharged Pay Related Social Insurance, or build an awareness as to their availability; and if she will make a statement on the matter. [11039/15]

Written Answers — Department of Social Protection: Social Insurance Refunds (12 Mar 2015)

Michael McGrath: 84. To ask the Minister for Social Protection her plans to extend the period for public sector workers to claim refund of PRSI, in view of the lack of information surrounding such refunds and the sizeable overcharging that has occurred over a long period; and if she will make a statement on the matter. [11040/15]

Written Answers — Department of Finance: Mortgage Resolution Processes (12 Mar 2015)

Michael McGrath: 90. To ask the Minister for Finance when the mortgage arrears resolution targets for 2015 will be published; and if he will make a statement on the matter. [10879/15]

Written Answers — Department of Finance: IBRC Liquidation (12 Mar 2015)

Michael McGrath: 92. To ask the Minister for Finance the nature of the report he is expecting shortly from the special liquidator of the Irish Bank Resolution Corporation; when the liquidation of the corporation will be completed; if he is expecting a surplus payment to the State; and if he will make a statement on the matter. [10936/15]

Written Answers — Department of Finance: Tax Compliance (12 Mar 2015)

Michael McGrath: 93. To ask the Minister for Finance further to Parliamentary Question No. 92 of 5 March 2015, if he will provide a breakdown of the €19,199,325 between tax, late payment interest charges and penalties; if he will provide a breakdown of the 128 cases concluded between total amounts due of less than €50,000, between €50,000 and €150,000, between €150,001 and...