Results 19,721-19,740 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Living City Initiative (26 May 2015)

Michael Noonan: The Living City Initiative, which was enacted in the Finance Act 2013 and commenced on 5th May 2015, has been extended beyond the original pilot cities of Limerick and Waterford, to include the cities of Dublin, Cork, Galway and Kilkenny as well. In line with my Department's commitment to evidence based policy-making, the inclusion of these additional four cities was...

Written Answers — Department of Finance: Mortgage Arrears Proposals (26 May 2015)

Michael Noonan: On 13 May, the Government announced a number of measures to support mortgage holders who are in arrears.  Building on action previously taken, the measures aim to increase the supports available to people in arrears and to increase the numbers of people availing of them.  This package will reform the Personal Insolvency framework to give Courts the power to review,...

Written Answers — Department of Finance: Mortgage Arrears Proposals (26 May 2015)

Michael Noonan: On 13 May last the Government announced a number of new measures to support mortgage holders in arrears.  This announcement was coordinated by the Department of the Taoiseach. On a continuing basis, my Department actively engages with key stakeholders involved in addressing mortgage arrears.  In addition to ongoing regular discussions with other Government Departments and...

Written Answers — Department of Finance: Mortgage Arrears Proposals (26 May 2015)

Michael Noonan: There were no companies or individuals contracted by my Department to provide advice or expertise prior to the Government announcement of further measures in respect of mortgage arrears on 13th May last.  The package was developed in a collaborative manner by an Inter-Departmental Committee of senior officials, chaired by the Department of the Taoiseach.  The Government is...

Written Answers — Department of Finance: Ministerial Responsibilities (26 May 2015)

Michael Noonan: The Deputy will appreciate, it is not within the role of the Minister for Finance to require independent local garages to provide a particular set of services to the public. I have issued a reply to the Deputy's correspondence.

Written Answers — Department of Finance: Tax Credits (26 May 2015)

Michael Noonan: I propose to take Questions Nos. 261 to 264, inclusive, together. I am informed by the Revenue Commissioners that the estimated first and full year costs of increasing the standard rate tax income tax band to €40,000 are in the order of €710 million and €950 million respectively. The estimated yield to the Exchequer from withdrawing 20% of the personal tax credit from...

Written Answers — Department of Finance: Exports Data (26 May 2015)

Michael Noonan: I am advised by the CSO that total exports of operating leasing services was €7,822 million in 2014, €7,497m in 2013 and €7,537m in 2012. This can be found in table 2a of the balance of payments release available on the CSO's website.This amounts to 3.8 per cent of total exports (goods and services) in current prices for 2014, 4.1 per cent for 2013 and 4.1...

Written Answers — Department of Finance: Mortgage Arrears Proposals (26 May 2015)

Michael Noonan: Further to the Central Bank Residential Mortgage Arrears and Repossessions statistics in respect of quarter four 2014, I am informed by the Central Bank that the banks do not report data for statistical purposes to them in such as way as to facilitate the requested breakdown. Consequently, I am unable to provide the specific breakdown requested of accounts in arrears prior to...

Written Answers — Department of Finance: Mortgage Arrears Proposals (26 May 2015)

Michael Noonan: As you know the issue of mortgage arrears is an important issue for Government and on 13 May the Government agreed a number of new measures to support mortgage holders who are in arrears. Building on action already taken, the measures aim to increase the supports available to people in arrears and to increase the numbers of people availing of them.  With regard...

Written Answers — Department of Finance: State Banking Sector (26 May 2015)

Michael Noonan: As requested by the Deputy, details of the disposal of bank investments since 2013 are set out in the following table. Date of transaction Bank Transaction Total proceedsincluding interest/dividend January 2013 BOI Sale of convertible capital notes €1.06bn July 2013 PTSB Sale of Irish Life €1.34bn December 2013 BOI Sale/redemption of preference shares €2.05bn (incl....

Written Answers — Department of Finance: Fuel Trader's Licence (26 May 2015)

Michael Noonan: I am informed by the Revenue Commissioners that the requirement that traders dealing in road fuels hold a licence has been in place for decades and that the requirement for a licence for traders dealing in marked mineral oil was introduced in 2012. The new licensing requirement was introduced in response to the threat posed to the exchequer and legitimate business by fuel laundering and was...

Written Answers — Department of Finance: Fiscal Policy (26 May 2015)

Michael Noonan: The President of the ECB, in a recent speech, discussed the evolution of monetary policy since the crisis and the challenges and benefits associated with the decisions made to date. This included a reference to the distributional consequences of monetary policy by penalising savers to the benefit of debtors and through asset price increases which may disproportionately favour the wealthy...

Written Answers — Department of Finance: IBRC Loans (26 May 2015)

Michael Noonan: The Special Liquidators have confirmed to me that there has been no evidence to suggest that there was any overcharging or undercharging on mortgage accounts of IBRC.

Written Answers — Department of Finance: Central Bank of Ireland Investigations (26 May 2015)

Michael Noonan: I have been informed by the Central Bank that its enforcement action against persons concerned in the management of Custom House Capital Ltd (in liquidation) commenced after the publication of the Final Report to the High Court by Court Appointed Inspectors dated 19 October 2011. Upon presentation of the aforementioned Final Inspectors' Report on Custom House Capital Ltd...

Written Answers — Department of Finance: IBRC Operations (26 May 2015)

Michael Noonan: As the Deputy is aware, the Review which I have directed the Special Liquidators to undertake shall consider all transactions, activities and management decisions, other than those relating solely to the acquisition of assets by the National Asset Management Agency, which occurred between 21 January, 2009 (being the date of the nationalisation of IBRC) and 7 February 2013 (being the date of...

Written Answers — Department of Finance: Credit Union Fund (26 May 2015)

Michael Noonan: The Government has made available €250 million to the Credit Union Fund for the voluntary restructuring of credit unions being facilitated by the Credit Union Restructuring Board (ReBo)  on a voluntary, incentivised and time-bound basis. The Government has also provided €250 million to the Credit Institutions Resolution Fund for resolution purposes....

Written Answers — Department of Finance: Credit Unions Regulation (26 May 2015)

Michael Noonan: My role as Minister for Finance is to ensure the legal framework for credit unions is appropriate for the effective operation and supervision of credit unions . The Central Bank, under the Credit Union Act, 1997 is responsible for administering the system of regulation and supervision of credit unions with a view to: (a) the protection by each credit union of the funds...

Written Answers — Department of Finance: Credit Unions Regulation (26 May 2015)

Michael Noonan: My role as Minister for Finance is to ensure that the legal framework for credit unions is appropriate for the effective operation and supervision of credit unions. The Registrar of Credit Unions at the Central Bank is the independent regulator for credit unions.  Within her independent regulatory discretion, the Registrar acts to support the prudential soundness of individual...

Written Answers — Department of Finance: Credit Unions Regulation (26 May 2015)

Michael Noonan: I have been informed by the Central Bank that it has been necessary to put lending restrictions in place in credit unions where there are regulatory concerns and resultant risk to members' savings. Currently about 52% of all credit unions are subject to lending restrictions. Almost all credit unions with a lending restriction in place have a maximum individual loan size restriction as...

Written Answers — Department of Finance: Credit Unions Regulation (26 May 2015)

Michael Noonan: I have been informed by the Central Bank that it has been necessary to put lending restrictions in place in credit unions where there are regulatory concerns and resultant risk to members' savings. At the end of December 2014 there were 206 credit unions that were subject to lending restrictions. The number of those 206 credit unions that were subject to lending restrictions at the end of...