Results 20,321-20,340 of 27,945 for speaker:Michael McGrath

Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)

Michael McGrath: Would it not have been a national decision at that time to let a bank go?

Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)

Michael McGrath: I suppose what I am asking is whether there was a no bank should fail policy in the eurozone in the wake of the collapse of Lehman's in September 2008.

Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)

Michael McGrath: In Mr. Regling's report in terms of holding a lot of people and organisations responsible, one could say that nobody is really being held responsible for the crisis. The question that many people will want answered is why no one in authority, whether it be within the banks, the regulator, the Central Bank, the Department of Finance, the Government or the external bodies, shouted "Stop" when...

Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)

Michael McGrath: On page 35 of Mr. Regling's report, he touches on the issue of remuneration and bonuses for people working in the banks and he makes an interesting point that the perception, as such, would have been that there were top management bonuses and the awarding of stock options on a large scale, but Mr. Regling states that one should not neglect incentives set for middle level bank management and...

Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)

Michael McGrath: So the more they lent out, the more money they got in bonuses.

Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)

Michael McGrath: I welcome Professor Lane who is the last speaker. I have a few questions on the role of the euro and monetary union which he addressed in some detail in his paper. In the round considering the factors that led to the crisis and then the management of the crisis within the confines of monetary union, would Ireland have been better or worse to have been out of the euro?

Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)

Michael McGrath: Is Professor Lane an advocate of Ireland's membership of the euro?

Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)

Michael McGrath: Does Professor Lane think Ireland is better in than out?

Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)

Michael McGrath: On page 6 of his paper, Professor Lane makes criticism of fiscal policy in stating that during the good years the budget surplus should have been bigger and put into what he called a fiscal reserve fund. Have we matured as a country and dealt with the apparent conflict between fiscal prudence and winning elections? What is his view on the journey through which we have come and how we now...

Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)

Michael McGrath: I have a final question. Professor Lane spoke earlier about the issue of a central credit register and the fact that one was lacking. First, if we had had a central credit register what role could it have played in terms of improving the bank's ability to make proper lending decisions and also protecting borrowers in cases during the period when losses were being built up in the system?...

Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)

Michael McGrath: Thank you.

Written Answers — Department of Social Protection: One-Parent Family Payments (20 Jan 2015)

Michael McGrath: 206. To ask the Minister for Social Protection if her attention has been drawn to the cut that is facing lone parents who are in receipt of a half rate carer’s allowance, who will no longer be eligible for the one parent family payment due to the age of their youngest child and will lose €86 a week when they are transferred to the full carer's allowance; if she will review same;...

Written Answers — Department of Social Protection: Free Travel Scheme (20 Jan 2015)

Michael McGrath: 202. To ask the Minister for Social Protection her plans to provide free travel to the survivors of residential institutions; and if she will make a statement on the matter. [2575/15]

Written Answers — Department of Finance: VAT Rate Application (20 Jan 2015)

Michael McGrath: 243. To ask the Minister for Finance the position regarding the reclassification by the Revenue Commissioners of smoothies and milk-based drinks for VAT purposes, which has resulted in the standard 23% VAT rate being applied; if his attention has been drawn to the likely impact this will have on the sector; the basis for the reclassification; if the Revenue Commissioners are the final arbiter...

Written Answers — Department of Finance: Bank Debt Restructuring (20 Jan 2015)

Michael McGrath: 248. To ask the Minister for Finance the amount of dated subordinated debt on 30 September 2008 in the banks which would become covered institutions; the total amount of losses which have been imposed until now in respect of those dated subordinated bonds; if any of those dated subordinated bonds from 2008 remain in the system; and if he will make a statement on the matter. [2715/15]

Written Answers — Department of Finance: Bank Debt Restructuring (20 Jan 2015)

Michael McGrath: 249. To ask the Minister for Finance the amount of undated subordinated debt on 30 September 2008 in the banks which would become covered institutions; the total amount of losses which have been imposed until now in respect of those undated subordinated bonds; if any of those undated subordinated bonds from 2008 remain in the system; and if he will make a statement on the matter. [2716/15]

Written Answers — Department of Finance: Bank Guarantee Scheme Termination (20 Jan 2015)

Michael McGrath: 250. To ask the Minister for Finance as at 1 October 2010 following the expiry of the original bank guarantee, the amount of unguaranteed secured senior bonds not covered by the eligible liabilities guarantee scheme in the covered institutions; and the amount of unguaranteed unsecured senior bonds not covered by the eligible liabilities guarantee scheme in the covered institutions. [2717/15]

Written Answers — Department of Health: Medical Card Eligibility (20 Jan 2015)

Michael McGrath: 432. To ask the Minister for Health his plans to provide enhanced medical card cover to the survivors of residential institutions; and if he will make a statement on the matter. [2574/15]

Written Answers — Department of Education and Skills: Education Campuses (20 Jan 2015)

Michael McGrath: 531. To ask the Minister for Education and Skills the position regarding the planned development of an education campus in Carrigaline, County Cork; the work that has been completed and is currently underway; when a planning application is expected; when the schools will be open; and if she will make a statement on the matter. [2612/15]

Written Answers — Department of Transport, Tourism and Sport: Aviation Issues (20 Jan 2015)

Michael McGrath: 618. To ask the Minister for Transport, Tourism and Sport his plans to ensure that the Aer Lingus slots at Heathrow Airport are retained in any scenario where the company is taken over; if he will use the State's shareholding to ensure the Heathrow slots are retained for the benefit of Cork, Shannon and Dublin; and if he will make a statement on the matter. [2818/15]