Results 19,181-19,200 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): KBC Bank (21 May 2019)

Michael McGrath: That is the bank's understanding.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)

Michael McGrath: As stated , I tabled questions in the Dáil and the response from the Central Bank was to the effect that it was examining whether the application of legal fees was in compliance with the mortgage arrears resolution process. We will see where that leads. Given that the mortgage and housing markets are central to the bank's business model, do our guests have any observations on the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)

Michael McGrath: The Vice Chairman has covered the issue of the number of borrowers on the standard variable rate, which is quite high. That is just my observation. In the context of question No. 9, the total number of mortgage sub-accounts is 32,680 out of 79,301, which is 41% of the book in account number terms. Did KBC split out the number of those loans that have the discount?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)

Michael McGrath: That has been provided. Did our guests clarify which of those loans have a loan-to-value, LTV, ratio of above 90%? Is there any opportunity for those customers to reduce their rate? Was this dealt with earlier?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)

Michael McGrath: That is only 2%.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)

Michael McGrath: Or even with 90% to 100% LTVs.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)

Michael McGrath: For those with an LTV ratio of-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)

Michael McGrath: -----of greater than 90%, the best the KBC can do for them is a fixed rate of 3.7%.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)

Michael McGrath: Does that include the-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)

Michael McGrath: That is the 0.2% discount.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)

Michael McGrath: That brings it to 3.7% or 3.9%.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)

Michael McGrath: I assume that as a customer's LTV improves there would be no limit on the number of times he or she can move down the LTV band.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)

Michael McGrath: That is fine. I will leave it at that and I apologise again to the Vice Chairman for being late to the meeting.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): KBC Bank (21 May 2019)

Michael McGrath: Who pays the security firm involved in the eviction and who pays the separate firm, if there is one, when the property is handed over? Does the Courts Service pay one while the bank pays the other?

Written Answers — Department of An Taoiseach: Cabinet Committees (22 May 2019)

Michael McGrath: 80. To ask the Taoiseach the number of Cabinet committees that exist; the areas they cover; and the dates each committee has met in 2019. [22208/19]

Written Answers — Department of Finance: Insurance Industry (22 May 2019)

Michael McGrath: 85. To ask the Minister for Finance if there is a complaints mechanism in place for claimants wishing to make a complaint against a company (details supplied); and if he will make a statement on the matter. [22225/19]

Written Answers — Department of Finance: Insurance Industry (22 May 2019)

Michael McGrath: 86. To ask the Minister for Finance the entity that owns a database (details supplied); if it is solely the property of an organisation (details supplied) that maintains and runs the database; the entity that is the data controller of the information held on the database; and if he will make a statement on the matter. [22226/19]

Written Answers — Department of Finance: Insurance Industry (22 May 2019)

Michael McGrath: 87. To ask the Minister for Finance if an insured party is entitled to access information relating to them held on a database (details supplied); and if he will make a statement on the matter. [22227/19]

Written Answers — Department of Finance: Insurance Industry (22 May 2019)

Michael McGrath: 88. To ask the Minister for Finance if insured persons are informed if their information is put on a database (details supplied); if they have the ability to prevent information being shared on the database; and if he will make a statement on the matter. [22228/19]

Written Answers — Department of Finance: Central Bank of Ireland Supervision (22 May 2019)

Michael McGrath: 90. To ask the Minister for Finance if there is a Central Bank code of conduct specifically for employers and public liability insurance; and if he will make a statement on the matter. [22283/19]