Results 19,101-19,120 of 27,945 for speaker:Michael McGrath

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

Michael McGrath: The total book.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

Michael McGrath: How many mortgages does that figure translate to approximately?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

Michael McGrath: I would imagine not all of them are in the LTV category between 80% and 90%. Their LTV may well have improved over time but they just did not do anything about it.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

Michael McGrath: The bank writes to them once per year. Customers who have a lower LTV ratio and want to remain on a variable rate can change and move down the LTV band and get a lower rate-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

Michael McGrath: -----online using the Manage Your Mortgage portal. Is it correct that they do not even have to send in an up-to-date valuation?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

Michael McGrath: The Bank is not competing in the cash-back space.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

Michael McGrath: How do the delegates find the dynamic within the market? Many individuals, including first-time buyers, see an attraction. I hold the view that they end up paying more in the long run because they are paying a higher interest rate, but it can be difficult for people to weigh up where their best long-term interests lie, and €10,000 or €15,000 upfront can be attractive if one is...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

Michael McGrath: Finally, may I touch on the tracker mortgage examination? I am sure Ms Howard is aware that Ulster Bank was pretty slow in getting up to speed and coming to grips with the tracker mortgage issue. It took a long time to identify the relevant accounts and pay out in redress and compensation. The message the bank is giving us in the questionnaire is that it is pretty much there, or very close...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

Michael McGrath: So the operational cost to the bank has been about €150 million.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

Michael McGrath: Mr. Stanley said there are no significant estimates. Has the bank made any provision for a fine?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Ulster Bank (9 May 2019)

Michael McGrath: Is that enforcement investigation ongoing or active?

Parental Leave (Amendment) Bill 2017: From the Seanad (14 May 2019)

Michael McGrath: I warmly congratulate Deputy Shortall and her colleagues in the Social Democrats for bringing forward this legislation, and indeed for persevering with it. Even though we have a minority Government, for an opposition Member to get a Bill through is incredibly difficult, and it requires some buy-in from the relevant line Minister and the support of the Civil Service, as well as some technical...

Written Answers — Department of An Taoiseach: Departmental Advertising Budgets (14 May 2019)

Michael McGrath: 97. To ask the Taoiseach the costs incurred by his Department in respect of advertising in all forms to date in 2019, in tabular form. [21127/19]

Written Answers — Department of Defence: Departmental Advertising Expenditure (14 May 2019)

Michael McGrath: 107. To ask the Taoiseach and Minister for Defence the costs incurred by his Department in respect of advertising in all forms to date in 2019, in tabular form; and if he will make a statement on the matter. [21120/19]

Written Answers — Department of Foreign Affairs and Trade: Departmental Advertising Expenditure (14 May 2019)

Michael McGrath: 109. To ask the Minister for Foreign Affairs and Trade the costs incurred by his Department in respect of advertising in all forms to date in 2019, in tabular form; and if he will make a statement on the matter. [21122/19]

Written Answers — Department of Finance: Tracker Mortgage Examination (14 May 2019)

Michael McGrath: 113. To ask the Minister for Finance the steps which will be taken with regard to the fines received by the Central Bank in relation to the tracker mortgage scandal; if the fines will be directed to anything in particular; if they will be directed to the Exchequer by way of the Central Bank surplus at the end of the year; if discussions have taken place with the Central Bank in relation to...

Written Answers — Department of Finance: Code of Conduct on Mortgage Arrears (14 May 2019)

Michael McGrath: 117. To ask the Minister for Finance if a borrower is entitled at all times to pay off the arrears owed in full at any point in time and if it is not open to the loan owner to refuse to accept such a payment of arrears against the loan account in the context of a buy-to-let loan on a residential property; if the Central Bank has encountered instances of this practice; and if he will make a...

Written Answers — Department of Finance: Departmental Advertising Expenditure (14 May 2019)

Michael McGrath: 122. To ask the Minister for Finance the costs incurred by his Department in respect of advertising in all forms to date in 2019, in tabular form; and if he will make a statement on the matter. [21121/19]

Written Answers — Department of Public Expenditure and Reform: Departmental Advertising Expenditure (14 May 2019)

Michael McGrath: 126. To ask the Minister for Public Expenditure and Reform the costs incurred by his Department in respect of advertising in all forms to date in 2019, in tabular form; and if he will make a statement on the matter. [20334/19]

Written Answers — Department of Education and Skills: School Staff (14 May 2019)

Michael McGrath: 153. To ask the Minister for Education and Skills the position regarding an appeal by a school (details supplied) in County Cork in respect of its staffing allocation for the 2019-20 school year under the developing area status heading; and if he will make a statement on the matter. [20443/19]