Results 9,501-9,520 of 27,945 for speaker:Michael McGrath
- Written Answers — Department of Finance: Financial Irregularities (28 May 2015)
Michael McGrath: 70. To ask the Minister for Finance his views that customers of Irish pension funds and insurance funds, and other Irish-based investments, were likely to have been at a loss as a result of manipulation of the foreign exchange market, which has resulted in multi-billion euro fines being imposed by five regulators on six international banks; if compensation will be payable to these investors;...
- Written Answers — Department of Finance: Mortgage Interest Rates (28 May 2015)
Michael McGrath: 75. To ask the Minister for Finance if all six banks he met in relation to variable mortgage rates have committed to an actual reduction in the standard variable rates; the time frame for this to happen; and if he will make a statement on the matter. [21220/15]
- Written Answers — Department of Finance: Mortgage Interest Rates (28 May 2015)
Michael McGrath: 76. To ask the Minister for Finance his views that a bank which offers its variable mortgage rate customers a fixed rate which is lower than the current standard variable rate, but is not actually reducing its standard variable rate, is meeting the objective he has set in relation to mortgage rates; and if he will make a statement on the matter. [21221/15]
- Written Answers — Department of Public Expenditure and Reform: Office of Public Works Properties (28 May 2015)
Michael McGrath: 77. To ask the Minister for Public Expenditure and Reform if the Office of Public Works plans to sell its mobile telecommunications assets; the office's plans to invest in, develop, expand or dispose of these assets; and if he will make a statement on the matter. [21203/15]
- Written Answers — Department of Jobs, Enterprise and Innovation: Consumer Protection (28 May 2015)
Michael McGrath: 82. To ask the Minister for Jobs, Enterprise and Innovation the consumer rights that apply to gift vouchers; his plans to introduce new rules concerning the period of time for which such vouchers must remain valid; his plans to strengthen consumer rights in this area; and if he will make a statement on the matter. [21208/15]
- Written Answers — Department of Justice and Equality: Employment Rights (28 May 2015)
Michael McGrath: 111. To ask the Minister for Justice and Equality the legal position regarding entitlement to maternity leave and parental leave in respect of a person who becomes a parent through surrogacy abroad; and if she will make a statement on the matter. [21227/15]
- Written Answers — Department of Health: Medical Aids and Appliances Provision (28 May 2015)
Michael McGrath: 142. To ask the Minister for Health his plans to make Medtronic’s i-port advance injection device available on the long-term illness scheme for children with diabetes; and if he will make a statement on the matter. [21228/15]
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Michael McGrath: Thank you, Chair. You're very welcome, Mr. Neary. Do you believe that the banks lent too much money to the property and construction sector?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Michael McGrath: Do you accept that you had the power to impose lending limits through the concentration ratios applying to the banks?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Michael McGrath: But, in essence, are you accepting that the Financial Regulator has the tools and the powers to put a brake on the extent of lending by the banks to property and construction?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Michael McGrath: And, Mr. Neary, the Central Bank and regulator sent about 80,000 pages of documentation to the banking inquiry, which have been gone through forensically. And on the issue of the concentration limits, for example, extensive correspondence was available between the Financial Regulator and the banks. The concentration limits were breached in a number of cases, as you know. There are letters...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Michael McGrath: But the-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Michael McGrath: But, Mr. Neary, the inability to reach a conclusion and to follow through on that, does that also illustrate a failure of regulation?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Michael McGrath: And on the broader issues, Mr. Neary, just to clarify: you aren't citing a lack of powers, as regulator-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Michael McGrath: -----as a reason for not dealing with the issues?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Michael McGrath: Okay. You, you state in your opening statement that "the supervisory measures introduced by the authority were not sufficient to meet the challenges posed by the crisis and the recession that emerged." Can I ask you, Mr. Neary, in hindsight what do you think are the most important things you should have done and would have done differently as CEO of the Financial Regulator?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Michael McGrath: You said on page 9 of your witness statement "I do not think, even with the benefit of hindsight, that the authority, in the context of the time, would have assumed a different approach to supervision." People would regard that as a remarkable statement, Mr. Neary.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Michael McGrath: What is the essential reason why no sanctions were imposed on banks, credit institutions, during your tenure?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Michael McGrath: But it never happened, Mr. Neary.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Michael McGrath: No, in actual enforcement sanctions against the banks.