Results 8,461-8,480 of 27,945 for speaker:Michael McGrath

Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)

Michael McGrath: Are we facing a serious risk of Ireland losing out on certain investments because of the lack of affordable office accommodation?

Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)

Michael McGrath: Has Mr. Moran done a lot of work for the private equity funds which have been investing so much in Ireland in recent years?

Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)

Michael McGrath: Has he any view on the consequences for Ireland of, for example, the National Asset Management Agency selling 90% of its commercial property to private equity firms? We are looking at a different landscape in terms of the ownership of very important commercial property in Dublin and around the country. What impact might this huge shift in the ownership dynamic have in a context where the...

Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)

Michael McGrath: However, is it long term-investment?

Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)

Michael McGrath: I welcome Ms Hunt and thank her for participating in the inquiry. She has spoken quite a bit about having accurate data and the amount of effort that she and others put into compiling data based on the sources they have. Does she think that having a national commercial property price register similar to the residential one that we have would be beneficial?

Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)

Michael McGrath: What would the benefits be of having such a centralised register of commercial property prices?

Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)

Michael McGrath: Apart from saving Ms Hunt a lot of work.

Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)

Michael McGrath: So a reliable credible source of information is needed?

Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)

Michael McGrath: On page 8 of Ms Hunt's opening remarks, she said, "In general, Government intervention in the property market was largely done in the absence of any engagement whatsoever with the property industry." Has that changed?

Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)

Michael McGrath: From any body such as that-----

Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)

Michael McGrath: -----or any organisation?

Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)

Michael McGrath: Ms Hunt has also said that she and many others would have relied on the assertions of the authorities in terms of the health of the banking system. For example, she said, "we believed that the Irish banks were well funded and appropriately regulated and that borrowers were being sufficiently stress-tested". Is that just a broad assumption that was made by perhaps Ms Hunt and many others at...

Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)

Michael McGrath: Did the nature of lending to the commercial real estate sector during the boom years, and the emergence of non-recourse lending, which limited the risk of the borrower to the underlying security of the property itself, and then perhaps subsequently personal guarantees coming to the fore, fuel the demand for more credit, if it was being offered on those terms that no additional security was...

Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)

Michael McGrath: I asked Mr. Moran from Jones Lang LaSalle earlier on about the current state of the market in terms of commercial real estate in particular from the perspective of the availability of quality office accommodation in the areas where demand exists and I think it is fair to say that he painted a pretty sobering picture. I would be interested in Ms Hunt's observations, as a major player in...

Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)

Michael McGrath: I am okay with that.

Written Answers — Department of Finance: IBRC Loans (15 Apr 2015)

Michael McGrath: 140. To ask the Minister for Finance if he will provide a list, in order of ranking, of the Irish Bank Resolution Corporation's creditor categories; if he will confirm which category of creditors includes credit unions; when interim and final payments are likely to be made by the special liquidator to creditors; and if he will make a statement on the matter. [14002/15]

Written Answers — Department of Finance: Budget Consultation Process (15 Apr 2015)

Michael McGrath: 168. To ask the Minister for Finance his plans to establish a budget office which would cost alternative budgets prepared by opposition parties; and if he will provide costings for the election proposals of all parties; the work being done to date on this proposal; his plans to have this office in place for the next general election; and if he will make a statement on the matter. [14602/15]

Written Answers — Department of Finance: Tax Reliefs Application (15 Apr 2015)

Michael McGrath: 170. To ask the Minister for Finance if it is possible to claim income tax relief in respect of contributions paid by a deceased person, under the Nursing Home Support Scheme; if so, the person who would make the claim on behalf of the deceased person's estate; the procedure that needs to be followed; and if he will make a statement on the matter. [14685/15]

Written Answers — Department of Finance: Bank Restructuring (15 Apr 2015)

Michael McGrath: 181. To ask the Minister for Finance if he will publish the restructuring plan as approved for PermanentTSB; and if he will make a statement on the matter. [14816/15]

Written Answers — Department of Finance: Tax Collection (15 Apr 2015)

Michael McGrath: 182. To ask the Minister for Finance the amount of interest levied and collected by the Revenue Commissioners in respect of each of the years 2012 to 2014 in respect of late payment of tax liabilities; the way this is broken down across different categories of tax; and if he will make a statement on the matter. [14824/15]