Results 15,441-15,460 of 27,945 for speaker:Michael McGrath
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
Michael McGrath: Is that a matter or compensation rather than redress?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
Michael McGrath: How many mortgage accounts were examined in total by all of the banks within the scope? Approximately 13,000 accounts have now been identified as having been affected by this. What is the global figure?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
Michael McGrath: The total of 719,000 then is the global figure?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
Michael McGrath: Over what total period of years?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
Michael McGrath: The figure seems high. The mortgage arrears statistics list total private dwelling home mortgages, PDH, as-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
Michael McGrath: To some extent, then, there would have been an examination of those 700,000-plus mortgages, but that was then narrowed down to 112,000 relevant cases.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
Michael McGrath: I have some further questions. I received an email from somebody who was clearly following these proceedings. It is important that Professor Lane clear this matter up. The caller certainly got the impression that because the harm was done to that person before 2013, the caller will not get redress or compensation.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
Michael McGrath: What reassurance can Professor Lane give people, in the absence even of certain statutory powers, that they will not be left behind?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
Michael McGrath: Professor Lane is saying the customers have legal recourse anyway to the ombudsman-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
Michael McGrath: -----for the entire period.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
Michael McGrath: Regarding the issue the Chairman raised about loans being sold on, I am concerned that where loans have been sold on, the people involved will not be contacted. Ulster Bank, for example, gave us its figures: it has identified 3,500 impacted customers, 2,500 of whom have been restored onto the correct rate, while 1,000 have redeemed or switched lenders. That is quite a high proportion....
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
Michael McGrath: I encourage the witnesses to pay particular attention to this issue. There is undoubtedly potential there for people to miss out. It is important.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
Michael McGrath: Finally, the two enforcement investigations are under way. The witnesses have named the banks involved: Permanent TSB and Ulster Bank. To clarify, these enforcement investigations do not concern the way in which impacted customers are being dealt with and offered redress and compensation. Do the enforcement investigations relate to the origin of the problem, that is, how people were...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (19 Oct 2017)
Michael McGrath: It can be added in.
- Leaders' Questions (24 Oct 2017)
Michael McGrath: It did not come from us.
- Order of Business (24 Oct 2017)
Michael McGrath: We are not in favour of a hard border on this island.
- Ceisteanna - Questions - Priority Questions: Tracker Mortgages (24 Oct 2017)
Michael McGrath: 1. To ask the Minister for Finance the nature of his planned engagement with the banks in respect of the Central Bank tracker mortgage examination; and if he will make a statement on the matter. [44937/17]
- Ceisteanna - Questions - Priority Questions: Tracker Mortgages (24 Oct 2017)
Michael McGrath: We all know that the Minister, Deputy Paschal Donohoe, has been meeting the banks over the past two days in respect of the tracker scandal. I have two key questions to which I think most people want an answer. Can the Minister give a categoric commitment to all those affected by the scandal that they will get justice, that they will get their money back and that they will get compensation?...
- Ceisteanna - Questions - Priority Questions: Tracker Mortgages (24 Oct 2017)
Michael McGrath: Deputy Doherty is here.
- Ceisteanna - Questions - Priority Questions: Tracker Mortgages (24 Oct 2017)
Michael McGrath: The banks, or at least some of them, have threatened to sue the Central Bank for doing its job, which is seeking to protect customers. We know that 10,000 customers have not got the money back that was wrongly taken from them, not to mention any compensation from their lenders. There may well be many more. It is certainly not the case since this emerged that the banks have dealt with it in...