Results 15,981-16,000 of 27,945 for speaker:Michael McGrath

Committee on Budgetary Oversight: Local Property Tax and Commercial Stamp Duty: Department of Finance (16 Jan 2018)

Michael McGrath: I thank Mr. Hogan and the other officials from the Department for attending and I acknowledge their contribution to the discussion. It will help the committee to prepare ex anteand ex postscrutiny reports on the topics discussed. As there is no further business that concludes our proceedings for today. We will meet the Minister, Deputy Paschal Donohoe, to discuss the rainy day fund on 31...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Michael McGrath: The Minister and his officials are very welcome to this meeting. At the end of last September, 13,000 customers were identified as being affected as part of this examination, bearing in mind that this was almost two years on from the announcement by the Central Bank of this examination. In the following period of fewer than three months prior to the end of December, that number had more...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Michael McGrath: I would agree with that but I would also highlight the courage of those affected, the customers, in speaking out both here and in the media generally, some of whom the Minister has met. They are largely responsible for the dramatic change in emphasis in the attention that was being given to this issue. Their human stories probably spoke louder than any words any politician, banker or...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Michael McGrath: People who watch these proceedings and observed this scandal evolve over recent months will have to ask whether the Minister believes that anyone ultimately will be held accountable. Will there be any individual accountability for what happened? For example, does he believe it was an accident that all the main mortgage lenders in the State happened to make the same mistake and deny their...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Michael McGrath: Can the Minister bring the committee up to date on the situation surrounding public interest directors representing him as a shareholder on the boards of the banks that we hold shares in, that is, AIB, Bank of Ireland and Permanent TSB? Can he give us the numbers? Are there vacancies at present in those public interest director posts? Moreover, does the Minister, as Minister and as...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Michael McGrath: Perhaps the Minister could go through the three lenders. I am sure they are on the information note. Do we have any directors at AIB currently?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Michael McGrath: Since when has that been the case?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Michael McGrath: What about Permanent TSB?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Michael McGrath: We currently have no public interest directors in any of the banks. Apart from advertising the appointments and putting them through the Public Appointments Service, is the Minister changing or redefining the role or giving it any legal recognition? As directors, they will have fiduciary responsibilities to their board and to their shareholders. What responsibilities will they have the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Michael McGrath: Perhaps the Minister might send a note to the committee about each of the three institutions and when the resignations occurred.

Written Answers — Department of Finance: Tax Data (17 Jan 2018)

Michael McGrath: 60. To ask the Minister for Finance the year one and full-year cost for every 1% reduction in capital gains tax and capital acquisitions tax, respectively; and if he will make a statement on the matter. [2254/18]

Written Answers — Department of Finance: Central Bank of Ireland Investigations (17 Jan 2018)

Michael McGrath: 64. To ask the Minister for Finance if the Central Bank has had engagement with the Office of the Director of Corporate Enforcement as part of the tracker mortgage scandal regarding possible breaches of the Companies Acts; and if he will make a statement on the matter. [2354/18]

Written Answers — Department of Finance: VAT Rebates (17 Jan 2018)

Michael McGrath: 65. To ask the Minister for Finance if the Revenue Commissioners have discretion to approve a refund of VAT beyond the existing four year time limit in respect of VAT refunds on aids and appliances used by persons with disabilities and in which extenuating circumstances apply; and if he will make a statement on the matter. [2357/18]

Written Answers — Department of Finance: Interest Rates (18 Jan 2018)

Michael McGrath: 51. To ask the Minister for Finance the position regarding the application of interest on a judgment secured by a financial institution against a person or their home; the basis for the rate that is charged; if discretion is involved in the application of the interest; and if he will make a statement on the matter. [2437/18]

Written Answers — Department of Finance: Central Bank of Ireland Staff (18 Jan 2018)

Michael McGrath: 52. To ask the Minister for Finance the number of persons who have left senior management roles (details supplied) in the Central Bank in the past three years by each functional pillar, in tabular form; and if he will make a statement on the matter. [2479/18]

Written Answers — Department of Finance: Departmental Staff (18 Jan 2018)

Michael McGrath: 53. To ask the Minister for Finance the number of relevant years experience required for senior management roles (details supplied); the way in which this compares with this period five years ago; and if he will make a statement on the matter. [2480/18]

Written Answers — Department of Finance: Central Bank of Ireland Staff (18 Jan 2018)

Michael McGrath: 54. To ask the Minister for Finance the number of senior management positions that are vacant in the Central Bank compared with this period in 2013; the number of senior management positions that have a person acting in those positions rather than appointed; the way in which this compares with this period 2013; and if he will make a statement on the matter. [2481/18]

Written Answers — Department of Finance: Insurance Compensation Fund (18 Jan 2018)

Michael McGrath: 55. To ask the Minister for Finance the last time payments were made out of the Insurance Compensation Fund for a case (details supplied); when the next payment out of the fund is expected; the amount of same; the number of claims that will be settled due to it; and if he will make a statement on the matter. [2482/18]

Written Answers — Department of Finance: Insurance Coverage (18 Jan 2018)

Michael McGrath: 56. To ask the Minister for Finance the mechanisms in place for companies and other public and private organisations that cannot obtain employer and-or public liability insurance similar to the declined insurance agreement in the motor insurance industry; and if he will make a statement on the matter. [2483/18]

Written Answers — Department of Finance: General Government Debt (18 Jan 2018)

Michael McGrath: 57. To ask the Minister for Finance the reason for the projected increase in general Government gross debt from €202.6 billion in 2017 to €208.2 billion in 2018, to €211.5 billion in 2019, to €208.2 billion in 2020 and to €209 billion in 2021; the reason for the projected increases; if they are coming from projected rises in interest rates; if they are...