Results 8,441-8,460 of 27,945 for speaker:Michael McGrath
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Setanta Insurance Liquidation: Discussion (1 Apr 2015)
Michael McGrath: Deputy Doherty teased out the issue of the bureau and that, depending on the outcome of the case in the court, the bureau may be 100% liable. That is a matter of speculation. If it is not, the insurance compensation fund, ICF, liability is capped at 65% and the liquidator cannot make any payments to claimants until all the cases have been concluded and there is absolute certainty about the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Setanta Insurance Liquidation: Discussion (1 Apr 2015)
Michael McGrath: How long, typically, does a liquidation of this nature take? There have been liquidations in Europe.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Setanta Insurance Liquidation: Discussion (1 Apr 2015)
Michael McGrath: I know. We all need to remember that behind this story there are many victims of accidents and crashes. There are people who suffered very serious injury. One Deputy mentioned that a fatality was involved in one accident. I do not know the detail. People are out of pocket and people's livelihoods have been destroyed in some cases. These are ordinary tradesmen. There are major...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Setanta Insurance Liquidation: Discussion (1 Apr 2015)
Michael McGrath: Yes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Setanta Insurance Liquidation: Discussion (1 Apr 2015)
Michael McGrath: Where is the Chairman getting that figure?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Setanta Insurance Liquidation: Discussion (1 Apr 2015)
Michael McGrath: There are approximately 1,700 cases.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Setanta Insurance Liquidation: Discussion (1 Apr 2015)
Michael McGrath: There are 1,748 cases.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Setanta Insurance Liquidation: Discussion (1 Apr 2015)
Michael McGrath: The average would be approximately €54,000.
- Written Answers — Department of Finance: IBRC Legal Cases (2 Apr 2015)
Michael McGrath: 78. To ask the Minister for Finance if his attention has been drawn to discussions between the Irish Bank Resolution Corporation and a family (details supplied), the way the interests of the taxpayers will be protected within such discussions; and if he will make a statement on the matter. [13790/15]
- Written Answers — Department of Finance: IBRC Legal Cases (2 Apr 2015)
Michael McGrath: 79. To ask the Minister for Finance the implications of the legal proceedings being undertaken by a family (details supplied) in relation to the liquidation of the Irish Bank Resolution Corporation; its implications for the distribution of any surplus arising from the liquidation to the Exchequer; and if he will make a statement on the matter. [13791/15]
- Written Answers — Department of Finance: NAMA Expenditure (2 Apr 2015)
Michael McGrath: 81. To ask the Minister for Finance if he will provide an itemised breakdown, in relation to amounts over €100,000 of the €9.9 million in fees paid by the National Asset Management Agency to professional firms under the headings of legal fees and portfolio management fees in 2013; the name of the firm and/or person in question; the amount over €100,000 paid out to each...
- Written Answers — Department of Agriculture, Food and the Marine: Dairy Sector (2 Apr 2015)
Michael McGrath: 98. To ask the Minister for Agriculture, Food and the Marine the number of milk dairy businesses registered and-or approved in County Meath under Statutory Instrument 432 of 2009 by his Department; and the number of these approved businesses that have since ceased to operate; to be registered; to be approved, since registration and-or approval. [13660/15]
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Michael McGrath: I welcome Mr. Moran and thank him for his time. When was the peak and when was the trough in the price of commercial property and development land?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Michael McGrath: Mr. Moran mentioned a percentage drop in commercial property values, from peak to trough, of 70%.
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Michael McGrath: Reference was made to the lack of a price register for commercial property. We now have such registers for residential property and commercial leases. Would the existence of a national register of commercial property prices have made any difference in what happened and should we have one now?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Michael McGrath: In Mr. Moran's view, we should have a national register of commercial property prices.
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Michael McGrath: What toll did the collapse have on Mr. Moran's firm in Ireland in terms of a reduction in head count, for instance?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Michael McGrath: Was it Mr. Moran's experience during the boom that there was a lot of competition among the banks to lend to the commercial property and development land sector? Did clients who were buying have a choice of banks and was there intense competition among banks for that business?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Michael McGrath: Part of our remit is to look forward and make recommendations. Where do we stand today in terms of the availability of high quality office accommodation, where there is a demand for such, in Dublin and other cities, and in terms of our competitive position when it comes, for instance, to rent per square foot?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Michael McGrath: What is the current price per square foot?