Results 13,141-13,160 of 27,945 for speaker:Michael McGrath

Ceisteanna - Questions - Priority Questions: NAMA Operations (29 Sep 2016)

Michael McGrath: I thank the Minister for his reply. The key issue is that there is a major cloud hanging over the Project Eagle sale, which totals £1.3 billion. The Government has conceded the need for a commission of investigation, which only happens where an issue of significant public concern has to be investigated. The Comptroller and Auditor General has told the Committee of Public Accounts...

Ceisteanna - Questions - Priority Questions: NAMA Operations (29 Sep 2016)

Michael McGrath: I accept that it is in the national interest that there be a smooth work out of the remainder of NAMA's assets. I understand the issues around senior debt, contingent liability and all of that. However, we have to be reassured about the integrity of the sales process. Accountability instruments are already built into the system, but they, in the form of the report of the Controller and...

Other Questions: State Banking Sector (29 Sep 2016)

Michael McGrath: 10. To ask the Minister for Finance his plans in relation to the possible sale of a stake in a bank (details supplied); the estimate of the amount which would be received for a sale of a 20% stake in the bank; the use the proceeds would be put to; and if he will make a statement on the matter. [27549/16]

Other Questions: State Banking Sector (29 Sep 2016)

Michael McGrath: This question relates to AIB and the position of the State in terms of the possibility of it selling its stake in the bank. The Minister made some comments on Bloomberg TV in London recently, but I ask him to advise the House of his current thinking on the possibility of selling a stake. Has that course of action now been ruled out for 2016 and is it an open possibility for 2017?

Other Questions: State Banking Sector (29 Sep 2016)

Michael McGrath: I think the right approach is being taken to make the preparations for a possible sale of a stake in the bank, but there is no rush. The market conditions must be right to maximise the return for the State. We will still retain a majority shareholding in AIB for the foreseeable future, but the bottom line is that we want to get back as much of the €20 billion that was pumped into the...

Other Questions: State Banking Sector (29 Sep 2016)

Michael McGrath: I will repeat our position as a party. We are open minded to the sale of a stake in AIB when the conditions are right. The programme for Government commits that the Government will not sell more than a 25% stake in any institution up to the end of 2018. We hold a 14% stake in Bank of Ireland and for now that should remain the position. That bank needs to make more progress in terms of...

Written Answers — Department of Finance: Ireland Strategic Investment Fund Investments (29 Sep 2016)

Michael McGrath: 33. To ask the Minister for Finance if he is satisfied with the mandate of the Ireland Strategic Investment Fund; if he would like to see greater investments being made; his plans to introduce changes to the fund; and if he will make a statement on the matter. [27550/16]

Written Answers — Department of Finance: Departmental Legal Cases (29 Sep 2016)

Michael McGrath: 38. To ask the Minister for Finance the status of the State's preparations for the submission of an appeal to the European Courts against the European Commission's ruling concerning a company (details supplied) ; his plans for the escrow account which will hold the funds pending the outcome of the appeal; and if he will make a statement on the matter. [27548/16]

Written Answers — Department of Finance: Credit Union Lending (29 Sep 2016)

Michael McGrath: 43. To ask the Minister for Finance if he will consider an amendment to the legislation governing credit unions that would specifically allow them lend to approved housing bodies and local authorities for social and affordable housing; and if he will make a statement on the matter. [27552/16]

Written Answers — Department of Finance: Insurance Coverage (29 Sep 2016)

Michael McGrath: 44. To ask the Minister for Finance the status of the flood insurance models considered by his Department; the preferred option and timeframe for its implementation; and if he will make a statement on the matter. [27551/16]

Written Answers — Department of Finance: Home Renovation Incentive Scheme Administration (29 Sep 2016)

Michael McGrath: 73. To ask the Minister for Finance if, in relation to the current rules that apply to the home renovation incentive scheme, in a circumstance where a person has planning permission in place before 31 December 2016, commences the construction work after 1 January 2017 and has the work fully completed and paid for by 31 March 2017, the person can avail of the incentive scheme; and if he will...

Written Answers — Department of Finance: Tax Code (29 Sep 2016)

Michael McGrath: 74. To ask the Minister for Finance the position in relation to the public consultation exercise undertaken in 2015 by his Department on the tax treatment of expenses of travel and subsistence for employees and office holders; his plans to introduce any changes to legislation governing the area; and if he will make a statement on the matter. [27821/16]

Written Answers — Department of Finance: Credit Union Regulation (29 Sep 2016)

Michael McGrath: 76. To ask the Minister for Finance if the registrar has received proposals from credit unions for business model changes since the new regulation making powers came into effect; and the number of amendments the regulations been made to facilitate these. [27880/16]

Written Answers — Department of Finance: Credit Union Regulation (29 Sep 2016)

Michael McGrath: 77. To ask the Minister for Finance if, in view of the fact that extensive powers were devolved to the registrar in the Credit Union Act 1997 (Regulatory Requirements) Regulations 2016, he will consider providing for an appeals mechanism; and if he will make a statement on the matter. [27881/16]

Written Answers — Department of Finance: Credit Union Regulation (29 Sep 2016)

Michael McGrath: 78. To ask the Minister for Finance if, in view of the fact that credit unions compete with banks and the State has a declared interest in ensuring that Irish banks remain viable and profitable, he will consider the establishment of an oversight body to ensure that the regulations are being implemented in a proportionate, fair and equitable manner. [27882/16]

Written Answers — Department of Finance: Credit Union Services (29 Sep 2016)

Michael McGrath: 79. To ask the Minister for Finance the number of credit unions that have expressed an interest in providing mortgages to members; and if the Central Bank has any knowledge of the type of demand there might be for mortgages from credit union members. [27883/16]

Written Answers — Department of Finance: Credit Union Data (29 Sep 2016)

Michael McGrath: 80. To ask the Minister for Finance the amount of surplus funds credit unions have available to lend at the moment; the amount permissible under current term limits as mortgages with terms less than ten years; and if he will make a statement on the matter. [27884/16]

Written Answers — Department of Finance: Credit Union Services (29 Sep 2016)

Michael McGrath: 81. To ask the Minister for Finance if his attention has been drawn to the fact that some financial institutions have already started charging credit unions for holding their funds. [27885/16]

Written Answers — Department of Finance: Credit Union Regulation (29 Sep 2016)

Michael McGrath: 82. To ask the Minister for Finance if his attention has been drawn to the fact that progressive credit unions who have the necessary skills and infrastructure to issue mortgages and who have evidence of significant demand are restricted in the amount they can lend as mortgages under the new regulations to just 5% of their current member shares. [27886/16]

Written Answers — Department of Housing, Planning, Community and Local Government: Local Authority Housing Funding (29 Sep 2016)

Michael McGrath: 141. To ask the Minister for Housing, Planning, Community and Local Government if there is a monetary cap on the purchase price that local authorities can pay for a private dwelling on the open market; if so, the cap amounts for each local authority; and if he will make a statement on the matter. [27869/16]