Results 18,941-18,960 of 27,945 for speaker:Michael McGrath

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019)

Michael McGrath: I put it to Mr. Masding that those figures are still extraordinarily high. Bank of Ireland appeared before the committee last week. It is a very large bank in this State. The Bank of Ireland witnesses told us that they currently have 79 vacant properties on their books. Permanent TSB has 500 vacant properties on its books.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019)

Michael McGrath: How quickly can the bank bring those 500 vacant properties to the market and what does the future hold for the tenants and families in the other 750 properties? Is mortgage-to-rent a real option that the bank is pursuing in those cases?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019)

Michael McGrath: My final question concerns the mortgage tracker examination. The total figure remains at just under 2,000 mortgage accounts. There has been no change in material terms since the witnesses' last visit and the last update. Regarding the cost to the bank to date, €60 million has been paid out in redress and compensation. Is that correct? Mr. Masding might add in the administrative...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
Matters Relating to the Banking Sector: Permanent TSB (9 Apr 2019)

Michael McGrath: Are there any other outstanding issues as far as the bank is concerned? I refer to dealing with the Central Bank regarding prevailing rate customers and discounted tracker customers. Are there any cohorts or groups where the Central Bank and Permanent TSB have a different view or interpretation? Is it close to finality as far as the bank is concerned and a case of any outstanding issues...

Civil Liability and Courts (Amendment) Bill 2019: First Stage (10 Apr 2019)

Michael McGrath: I move:That leave be granted to introduce a Bill entitled an Act to amend the Civil Liability and Courts Act 2004 and to provide for related matters. I thank the Chair for allowing me to introduce the Bill which forms part of a series of constructive measures we, as a party, have brought forward to tackle the issue of high insurance costs for businesses and individuals throughout the country....

Civil Liability and Courts (Amendment) Bill 2019: First Stage (10 Apr 2019)

Michael McGrath: I move: "That the Bill be taken in Private Members' time."

Saincheisteanna Tráthúla - Topical Issue Debate: Hospitals Building Programme (10 Apr 2019)

Michael McGrath: Thank you, a Cheann Comhairle, for choosing this Topical Issue debate. It is an important issue not only for Cork but for the Munster area. As Minister of State at the Department of Health and as a Cork-based Deputy, Deputy Jim Daly will be quite familiar, I imagine, with this issue and will have an interest in it. I imagine the Government does not want issues around a children's hospital...

Saincheisteanna Tráthúla - Topical Issue Debate: Hospitals Building Programme (10 Apr 2019)

Michael McGrath: The Minister of State has not given any additional reassurance that the project will be funded to phase 3 and beyond. He says it is included in the Project Ireland 2040 initiative. That is little comfort to those who are waiting for this investment. I assume the Minister of State is referring to the national development plan, which still has many years to run. Without this investment,...

Written Answers — Department of Finance: Insurance Compensation Fund (10 Apr 2019)

Michael McGrath: 55. To ask the Minister for Finance if a court date has been set for the withdrawal of funds from the insurance compensation fund in relation to a company (details supplied); if so, the date; and if he will make a statement on the matter. [16907/19]

Written Answers — Department of Finance: Financial Services Regulation (10 Apr 2019)

Michael McGrath: 56. To ask the Minister for Finance when legislation to better regulate personal contract plans in line with the conclusions from the review of regulation of personal contract plans will be introduced; his plans to introduce amending legislation to the Consumer Credit Act 1995; his further plans to introduce legislation that will force PCP providers to be regulated by the Central Bank; if the...

Written Answers — Department of Finance: Small and Medium Enterprises Supports (10 Apr 2019)

Michael McGrath: 57. To ask the Minister for Finance the take-up of the key employee engagement programme in each month since its establishment; the number of companies that have availed of the scheme in each of these months by multinational companies and SME companies; and if he will make a statement on the matter. [16910/19]

Written Answers — Department of Finance: Employment Investment Incentive Scheme Data (10 Apr 2019)

Michael McGrath: 58. To ask the Minister for Finance the number of applications for tax relief certificates under the employment and investment incentive scheme in each year since its creation and in each month of 2018; the number of applications awaiting processing and approval, respectively by the Revenue Commissioners; the average time taken between original application and the final approval for tax...

Written Answers — Department of Finance: Employment Investment Incentive Scheme Data (10 Apr 2019)

Michael McGrath: 59. To ask the Minister for Finance the number of outstanding applications for tax relief certificates under the employment and investment incentive scheme awaiting processing and approval by the Revenue Commissioners at the end of each month in each of the years 2016 to 2018 and to date in 2019, in tabular form; and if he will make a statement on the matter. [16912/19]

Written Answers — Department of Finance: Central Bank of Ireland Reports (10 Apr 2019)

Michael McGrath: 60. To ask the Minister for Finance his plans to introduce legislation to bring accountability to the banking industry in line with the recommendations of the Central Bank in section 6A of its report on the culture and behaviour of the main retail banks; and if he will make a statement on the matter. [16913/19]

Written Answers — Department of Education and Skills: School Curriculum (10 Apr 2019)

Michael McGrath: 92. To ask the Minister for Education and Skills the elements of the secondary school curriculum which specifically pertain to personal financial literacy; if this is compulsory or voluntary; and if he will make a statement on the matter. [16908/19]

Written Answers — Department of Finance: Real Estate Investment Trusts (11 Apr 2019)

Michael McGrath: 58. To ask the Minister for Finance the number of REITs in existence here each year since 2013; the number of residential property units held by these funds in each year since 2013; his plans for changes to the tax structure for these funds to remove the incentive of buying up large numbers of residential properties to rent thus penalising first-time buyers; and if he will make a statement on...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (11 Apr 2019)

Michael McGrath: I welcome Dr. Hunt and his colleagues. I wish him all the best in his leadership of AIB. I will start by focusing on the tracker mortgage examination and the prevailing rate group of customers. A figure of 5,195 was included in the answer to Question No. 25 on the questionnaire. I presume that is the number of mortgage accounts in this category. We have been looking at this issue for...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (11 Apr 2019)

Michael McGrath: That is a good summary of AIB's position. It has been its position for some time. Is "prevailing rate" defined anywhere?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (11 Apr 2019)

Michael McGrath: That is fine. However, at that stage tracker interest rate mortgages had been removed for new customers but not for existing customers.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (11 Apr 2019)

Michael McGrath: Mr. Kinsella has stated the customers in question were never on a tracker interest rate mortgage. AIB makes this point consistently, but it is completely irrelevant. It has been deemed that thousands of customers, across all of the banks, have been impacted on because they had a contractual right to be offered a tracker interest rate mortgage. The customers we are discussing are in that...