Results 16,001-16,020 of 27,945 for speaker:Michael McGrath

Written Answers — Department of Finance: Code of Conduct on Mortgage Arrears (18 Jan 2018)

Michael McGrath: 59. To ask the Minister for Finance if he is satisfied with the manner in which financial institutions deal with customers in situations in which a couple have separated and both their names remain on the mortgage account;; and if he will make a statement on the matter. [2632/18]

Written Answers — Department of Finance: Tracker Mortgage Examination (18 Jan 2018)

Michael McGrath: 60. To ask the Minister for Finance if persons that lost their tracker mortgage rate as a result of an agreed restructuring of their mortgage which involved a term extension are included in the scope of the tracker mortgage examination; and if he will make a statement on the matter. [2643/18]

Written Answers — Department of Jobs, Enterprise and Innovation: Brexit Issues (18 Jan 2018)

Michael McGrath: 142. To ask the Minister for Jobs, Enterprise and Innovation the status of the €300 million Brexit loan scheme for SMEs announced in budget 2018; and if she will make a statement on the matter. [2424/18]

Written Answers — Department of Health: Hospital Beds Data (18 Jan 2018)

Michael McGrath: 170. To ask the Minister for Health the number of beds across all strands of the public hospital system in each year since 2000, in tabular form; and if he will make a statement on the matter. [2410/18]

Written Answers — Department of Transport, Tourism and Sport: National Car Test (18 Jan 2018)

Michael McGrath: 266. To ask the Minister for Transport, Tourism and Sport if the situation whereby a person seeking a duplicate copy of their NCT vehicle inspection report is charged €15.50 will be reviewed; his plans to put the NCT history of all vehicles online similar to the system in the UK; and if he will make a statement on the matter. [2440/18]

Written Answers — Department of Housing, Planning, and Local Government: Social and Affordable Housing Data (18 Jan 2018)

Michael McGrath: 352. To ask the Minister for Housing, Planning, and Local Government the number of persons waiting on social housing lists; if his Department has carried out an analysis on the impact on this list from an increase in repossessions; the estimated impact on the numbers waiting for social housing if repossessions increased by 5%, 10%, 15% and 20% respectively; and if he will make a statement on...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Michael McGrath: I welcome the Governor of the Central Bank of Ireland and his colleagues. It is important to acknowledge there has been progress in the examination, which is to be welcomed. The role of the Central Bank in that regard should be acknowledged and I am happy to do so. There are some new numbers in Professor Lane's presentation. I have been trying to work my way through them and perhaps...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Michael McGrath: Sure.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Michael McGrath: Overall, approximately 13,000 customers are still awaiting redress and compensation. They include approximately one quarter of the initial group, or approximately 3,400 of the first 13,000 customers. They are still awaiting redress and compensation, even though many of them were identified quite some time ago, over the course of 2016 and 2017. They are still waiting to get their money back.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Michael McGrath: The quantum of money involved, including the pre-examination cohort, has gone from €297 million to €316 million over recent weeks.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Michael McGrath: That is the latest position. Is the Governor giving a commitment that the remaining 13,000 people will all have their money back and be compensated by the end of June?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Michael McGrath: What does the witness mean by "firm guidance"?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Michael McGrath: I understand.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Michael McGrath: The Central Bank commitment is that all of those who have been identified as of now will be repaid and compensated by the end of June.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Michael McGrath: The language the Governor has used today is quite strong. He spoke about the lenders being "forced" to pay out €316 million, money which belongs to the borrowers. He spoke about the senior management of lenders being "hauled in". That is not language we normally hear from the Central Bank. He spoke about the material deficiencies in certain lenders' responses. As of today, is the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Michael McGrath: As of today, is there full co-operation by all of the lenders? Is the witness satisfied with the approach they are taking now?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Michael McGrath: I want to ask the Governor about the issue of individual accountability, which he touched on in his opening statement. Many people who are watching and who have observed this scandal in recent months want to know if there ultimately will be any individual accountability. If I had to put my hand on my heart and answer that question, I would have to say I do not think so. Previously, the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Michael McGrath: I hope I am wrong.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Michael McGrath: I have two other issues. I refer to the overall cost in this regard. The Governor stated the combined provisions made by the lenders runs to €900 million, whereby some €600 million is the amount of money being paid in redress and compensation and the associated costs are running at €300 million. What costs has the Central Bank incurred to date in this examination?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Michael McGrath: That is not included in the current €900 million.