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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank of Ireland: Discussion (26 Mar 2019)

Michael McGrath: I thank the witnesses.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank of Ireland: Discussion (26 Mar 2019)

Michael McGrath: Our guests should have taken the break when the Chair offered it earlier. I admire their endurance. I have two points, the first being on the Brexit-related inflow into financial services. Professor Lane has been very consistent in stating that he does not want brass-plate operations and that when businesses move their headquarters or prudential regulation to Ireland, he wants...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank of Ireland: Discussion (26 Mar 2019)

Michael McGrath: The witnesses are satisfied that is happening at the levels of CEO, CFO, chief risk officer, compliance, public policy and public relations.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank of Ireland: Discussion (26 Mar 2019)

Michael McGrath: Was the Rebuilding Ireland home loan scheme raised? Professor Lane will be familiar with the background and the fact that the scheme was in the news recently because the money has essentially dried up. Just under 600 loans have been drawn down under the scheme and approximately 1,000 further mortgages have been approved. The initial tranche of money was €200 million. That has now...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank of Ireland: Discussion (26 Mar 2019)

Michael McGrath: The Housing Finance Agency.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank of Ireland: Discussion (26 Mar 2019)

Michael McGrath: Is Professor Lane saying that the Central Bank does not have concerns and will not be raising objections to the proposal that the scheme would go from €200 million to €800 million?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank of Ireland: Discussion (26 Mar 2019)

Michael McGrath: Has the Department written to the Central Bank to ask for its opinion?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank of Ireland: Discussion (26 Mar 2019)

Michael McGrath: Yes, I did.

Written Answers — Department of Health: Hospitals Building Programme (27 Mar 2019)

Michael McGrath: 194. To ask the Minister for Health his Department and the HSE’s plans for the development of new hospitals in Cork; the state of progress and the timelines; the details of the funding that has been ring fenced; and if he will make a statement on the matter. [14369/19]

Written Answers — Department of Health: Trade Union Recognition (27 Mar 2019)

Michael McGrath: 203. To ask the Minister for Health the steps he is taking to resolve the industrial relations dispute involving some staff in the National Ambulance Service who are members of an organisation (details supplied) and who are seeking union recognition from the HSE; and if he will make a statement on the matter. [14420/19]

Written Answers — Department of Transport, Tourism and Sport: Road Projects Status (27 Mar 2019)

Michael McGrath: 250. To ask the Minister for Transport, Tourism and Sport when he expects the main construction work to commence at the Dunkettle interchange in Cork; the expected duration of the works; and if he will make a statement on the matter. [14367/19]

Written Answers — Department of Transport, Tourism and Sport: Rail Network (27 Mar 2019)

Michael McGrath: 251. To ask the Minister for Transport, Tourism and Sport the steps that have been taken in line with the national development plan in support of a high-speed rail link between Cork and Dublin; and if he will make a statement on the matter. [14368/19]

Written Answers — Department of Transport, Tourism and Sport: Road Projects Status (27 Mar 2019)

Michael McGrath: 253. To ask the Minister for Transport, Tourism and Sport the status of the planned M20 motorway between Cork and Limerick; the stage of the project; the next steps and associated times; when he envisages the project moving to planning, detailed design, tender and construction; when he expects the motorway to be completed; and if he will make a statement on the matter. [14412/19]

Written Answers — Department of Employment Affairs and Social Protection: Pensions Data (27 Mar 2019)

Michael McGrath: 270. To ask the Minister for Employment Affairs and Social Protection the number of small self-administered pension schemes in existence here; the net asset value of these schemes; the reason the exemption from IORPs is being lifted for these schemes; if an economic assessment has been undertaken on the potential impact of removing this exemption; and if she will make a statement on the...

Written Answers — Department of Finance: Mortgage Repayments (28 Mar 2019)

Michael McGrath: 63. To ask the Minister for Finance if the Central Bank has been informed of the miscalculation of mortgage repayments by a bank (details supplied); if so, when it was informed; if the number of impacted customers is 3,400; the amount these customers have underpaid as a result of the miscalculation; the way in which the Central Bank plans to proceed with the issue; and if he will make a...

Written Answers — Department of Finance: Pension Provisions (28 Mar 2019)

Michael McGrath: 64. To ask the Minister for Finance if the Central Bank has a role in consumer protection for pension providers; if this is reserved for the Pensions Authority; if the Central Bank and the Pensions Authority have been informed by a company (details supplied) of the failure to pay bonus payments on pension fund plans; if so, when they were informed; if 2,000 customers have been affected; the...

Written Answers — Department of Finance: Central Bank of Ireland Enforcement Actions (28 Mar 2019)

Michael McGrath: 65. To ask the Minister for Finance the steps the Central Bank takes on a regular basis to ensure mortgage repayments and mortgage arrears are calculated correctly; if enforcement actions have been taken against lenders for these issues; if so, the lenders; and if he will make a statement on the matter. [14687/19]

Written Answers — Department of Finance: Brexit Preparations (28 Mar 2019)

Michael McGrath: 66. To ask the Minister for Finance the number of additional customs officials that have been hired and are operational to deal with Brexit; the number that are undergoing training at the moment; the number that will be fully operational by 12 April 2019; and if he will make a statement on the matter. [14688/19]

Written Answers — Department of Finance: Brexit Issues (28 Mar 2019)

Michael McGrath: 67. To ask the Minister for Finance the number of insurance companies that are prudentially regulated in the UK or Gibraltar but operating here under freedom of service; the number of customers of those companies that will be required to find new insurance companies upon renewal; if the Central Bank expects all such companies to move to be prudentially regulated here and or the EU; and if he...

Written Answers — Department of Finance: Personal Injury Claims (28 Mar 2019)

Michael McGrath: 68. To ask the Minister for Finance the proportion of personal injury claims settled through the Personal Injury Assessment Board outside the court and settled and-or decided on by the courts, respectively based on the most recent data; and if he will make a statement on the matter. [14690/19]

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