Results 17,021-17,040 of 27,945 for speaker:Michael McGrath

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)

Michael McGrath: There is a CEOs representative body as well.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)

Michael McGrath: Mr. Sibley might consider that the representative bodies would be involved. Regarding personal contract purchases, PCPs, in the car finance area, we now have the Central Bank letter. We have the Competition and Consumer Protection Commission, CCPC, report and therefore we now have a handle on the scale of this new form of finance. It is very substantial at approximately €1.5...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)

Michael McGrath: Yes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)

Michael McGrath: All I know at the moment is that if one does an online search in Ireland one will see all of these advertisements pop up which say that a bad credit history is no problem and that one can get a PCP and a new car. The fact that there are no protections is being exploited. No affordability assessment has to be done. We do not have any statistics on default levels or arrears levels, do we?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)

Michael McGrath: They will only be crystallising in the next couple of years. It is coming.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)

Michael McGrath: No. I am not saying that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)

Michael McGrath: I would say the Governor does not need a PCP himself. Who is going to publish regular statistics on them?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)

Michael McGrath: So the Central bank will be doing it. Okay.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)

Michael McGrath: We will continue to raise the matter. I would briefly like to encourage the Central Bank to continue its efforts towards the development of a single European market in financial services from a consumer perspective in respect of insurance, mortgages, small and medium enterprise, SME, borrowing and so on. We do not currently have it. We have questioned European Commissioners and so on here....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)

Michael McGrath: That review is live.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)

Michael McGrath: On the tracker issue, this has been gone into earlier on but the outstanding issues which continue to be referred to us would include the AIB prevailing rate and related issues in Permanent TSB. Bank of Ireland staff members continue to report issues. We are getting emails from former customers of First Active who are now customers of Ulster Bank. Customers of EBS are also sending in...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)

Michael McGrath: We had a discussion on the issue of credit servicing firms and so on. My suggestion to the Central Bank would be to write to these regulated entities, the credit servicing firms, of which there is only a small number, and to ask them to provide information on the forbearance agreements they have entered into for their customers, which are the funds and the borrowers. Would the witnesses be...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)

Michael McGrath: The Central Bank can ask them for that information.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with the Central Bank of Ireland (10 May 2018)

Michael McGrath: On the other point which the Chairman made about small and medium enterprise, SME, loans, we have no data on the quantum of SME loans that have been sold to these funds, on arrears levels and so on, or we certainly have not been able to access it. We have that for mortgages. It is published on a quarterly basis. We do not have it for SMEs. That should be sought and provided.

Written Answers — Department of Finance: Banking Sector Investigations (15 May 2018)

Michael McGrath: 137. To ask the Minister for Finance if the complaints process of a bank (details supplied) involves independent persons not employed by the bank; and if he will make a statement on the matter. [21049/18]

Written Answers — Department of Education and Skills: Public Sector Pensions (15 May 2018)

Michael McGrath: 243. To ask the Minister for Education and Skills the terms of the new public service pension scheme for new teachers who commenced work since 2013; the contribution rates that will apply; when they will receive their pension; the way in which their pension will be calculated; and if he will make a statement on the matter. [21280/18]

Written Answers — Department of Health: Health Services Provision (15 May 2018)

Michael McGrath: 402. To ask the Minister for Health to outline the steps being taken to ensure that appropriate long-term care is put in place for a person (details supplied) in County Cork. [21047/18]

Written Answers — Department of Health: Services for People with Disabilities (15 May 2018)

Michael McGrath: 422. To ask the Minister for Health further to Parliamentary Question No. 302 of 23 January 2018, if funding is available for a project (details supplied) in 2018; and, if so, the timeframe for same. [21303/18]

Written Answers — Department of Employment Affairs and Social Protection: Public Services Card (15 May 2018)

Michael McGrath: 542. To ask the Minister for Employment Affairs and Social Protection the reason a person (details supplied) in County Cork requires a long form birth certificate to get a public services card. [21048/18]

Ceisteanna - Questions - Priority Questions: Insurance Data (16 May 2018)

Michael McGrath: 3. To ask the Minister for Finance when the national claims information database and the integrated insurance fraud database will be established; and if he will make a statement on the matter. [21455/18]