Results 19,041-19,060 of 27,945 for speaker:Michael McGrath
- Committee on Budgetary Oversight: Stability Programme Update: Minister for Finance and for Public Expenditure and Reform (18 Apr 2019)
Michael McGrath: On capital spending, the national children's hospital project is running over budget by at least €450 million. The Taoiseach has referred to a figure of €3 billion for the national broadband plan. We have heard of other projects. At a local level in Cork, the Dunkettle interchange contract is yet to be signed but there are rumours - that is all they are - that the project...
- Committee on Budgetary Oversight: Stability Programme Update: Minister for Finance and for Public Expenditure and Reform (18 Apr 2019)
Michael McGrath: It normally increases later in the year.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: No Consent, No Sale Bill 2019: Discussion (Resumed) (18 Apr 2019)
Michael McGrath: I welcome the witnesses and thank them both for the submissions and opening statements on this Bill. I will start with the issue of the CCMA and its non-statutory basis, to which both have referred. Can they clarify that for me? Early on, the CCMA states, "This Code is issued under Section 117 of the Central Bank Act 1989." Can they explain why it is not statutory? The Central Bank...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: No Consent, No Sale Bill 2019: Discussion (Resumed) (18 Apr 2019)
Michael McGrath: In essence, Mr. Joyce is saying that this code is a voluntary code.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: No Consent, No Sale Bill 2019: Discussion (Resumed) (18 Apr 2019)
Michael McGrath: Sure.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: No Consent, No Sale Bill 2019: Discussion (Resumed) (18 Apr 2019)
Michael McGrath: That is a critique of its content as well, as much as the basis.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: No Consent, No Sale Bill 2019: Discussion (Resumed) (18 Apr 2019)
Michael McGrath: FLAC's opening statement referenced the standard clause in mortgage contracts that enables banks to sell loans on, and suggested that could be challenged under the EU directive on unfair terms in consumer contracts. Is it FLAC's view that this clause, which has not been adjudicated on by the High Court at this stage, could be struck down? We cannot know what the court will decide but is...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: No Consent, No Sale Bill 2019: Discussion (Resumed) (18 Apr 2019)
Michael McGrath: I seek Mr. Joyce's opinion, given that that clause is in existing mortgage contracts. If this Bill is enacted and becomes law, can it be applied in respect of contracts already written, where that clause is there and has been signed up to by both parties? What is Mr. Joyce's legal view on that?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: No Consent, No Sale Bill 2019: Discussion (Resumed) (18 Apr 2019)
Michael McGrath: Can it be retrospective, in Mr. Joyce's legal opinion?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: No Consent, No Sale Bill 2019: Discussion (Resumed) (18 Apr 2019)
Michael McGrath: It is repeated ad nauseamby the Central Bank, the Minister, and others that protections travel with loans, and that borrowers are no worse off if their loan is sold on to a so-called vulture fund. The issue was raised in the FLAC opening statement that it does not see any specific legal obligation on the new loan owner to honour a restructure agreement that has been entered into. Is there a...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: No Consent, No Sale Bill 2019: Discussion (Resumed) (18 Apr 2019)
Michael McGrath: No.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: No Consent, No Sale Bill 2019: Discussion (Resumed) (18 Apr 2019)
Michael McGrath: My final question is for Mr. Hall. We hear from the Minister and the Central Bank that there are no data to show that borrowers are in any way disadvantaged or that vulture funds are more likely to take enforcement proceedings. They say that the repossession statistics do not bear out the claim that vulture funds are more aggressive. Can Mr. Hall give us his response to that claim we...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: No Consent, No Sale Bill 2019: Discussion (Resumed) (18 Apr 2019)
Michael McGrath: I want to commend both organisations on the work they do with borrowers. They play a very important role and have helped an awful lot of people collectively. I apologise that I must attend another committee meeting, whose time clashes with this meeting.
- Written Answers — Department of Defence: Protected Disclosures (8 May 2019)
Michael McGrath: 71. To ask the Taoiseach and Minister for Defence the position regarding the application of the protected disclosures legislation to persons in the Defence Forces; the person or body to which they should make a protected disclosure if they wish to make a complaint; and if he will make a statement on the matter. [19999/19]
- Written Answers — Department of Defence: Naval Service Strength (8 May 2019)
Michael McGrath: 72. To ask the Taoiseach and Minister for Defence the strength of the Naval Service by number of personnel and rank in each year since 2010, in tabular form; and if he will make a statement on the matter. [20071/19]
- Written Answers — Department of Defence: Naval Service Staff (8 May 2019)
Michael McGrath: 73. To ask the Taoiseach and Minister for Defence the number of Naval Service personnel that left their employment early in each year since 2010; the number that made a payment to the Naval Service and-or his Department as a result of ending their contracts early; the amount paid each year by such persons; and if he will make a statement on the matter. [20072/19]
- Written Answers — Department of Finance: Corporation Tax (8 May 2019)
Michael McGrath: 114. To ask the Minister for Finance the amount of corporation tax receipts forecast at the beginning of each of the years 2010 to 2018 to be collected during each year; the amount actually collected for each year; the difference between the figures in tabular form; and if he will make a statement on the matter. [18642/19]
- Written Answers — Department of Finance: Code of Conduct on Mortgage Arrears (8 May 2019)
Michael McGrath: 138. To ask the Minister for Finance the position on the legal fees of the lender being applied to the mortgage account of the borrower in a mortgage arrears situation; and if he will make a statement on the matter. [19175/19]
- Written Answers — Department of Finance: Code of Conduct on Mortgage Arrears (8 May 2019)
Michael McGrath: 130. To ask the Minister for Finance if under section 40 of the Code of Conduct on Mortgage Arrears 2013, lenders should share with borrowers their documentation of its considerations of each option examined under provision 39 including the reasons the option or options offered to the borrower is or are appropriate and sustainable for their individual circumstances; the reason the option or...
- Written Answers — Department of Finance: Financial Services Sector (8 May 2019)
Michael McGrath: 133. To ask the Minister for Finance the position on the ability of banks and credit unions here to extend credit to Irish citizens that are principally living abroad; and if he will make a statement on the matter. [19127/19]