Results 21,201-21,220 of 32,864 for speaker:Paschal Donohoe

Written Answers — Department of Finance: EU Budget Contribution (14 Dec 2017)

Paschal Donohoe: As the Deputy will be aware and as outlined in the table, Ireland became a net contributor to the EU budget in 2014. EU budget payments and public sector receipt data are published annually by the Department of Finance in the Budget Statistics publication. The public sector receipt measure captures funds under 'shared management' between national and EU authorities. In addition, the EU...

Written Answers — Department of Finance: IBRC Expenditure (14 Dec 2017)

Paschal Donohoe: A summary of the Special Liquidation fees, including legal fees to 31 December 2016 is available in the most recent progress update report which is available on the Department of Finance website The Special Liquidators do not believe that it would be appropriate to provide the requested details regarding all Counsel engagements by IBRC since their appointment, particularly given...

Written Answers — Department of Finance: Banking Sector Data (14 Dec 2017)

Paschal Donohoe: I am informed by the Central Bank that it has set targets for the banks to achieve in terms of issuance of €10, €20 and €50 notes from non-retailer ATMs by 2018, with a view to making lower denomination notes more available to cash users. These targets were calculated following a study of the requirements of consumers, given patterns of cash usage.  The targets...

Written Answers — Department of Finance: Mortgage Data (14 Dec 2017)

Paschal Donohoe: I am informed by the Central Bank that under the category of Non-Bank Entities unregulated loan owners, there are 11,894 mortgage accounts outstanding for PDH with a balance of €2.2bn. For BTLs, there are 5,729 mortgage accounts outstanding with a balance of €1.58bn. The link to The Statistical Release for Residential Mortgage Arrears and Repossessions Statistics: Q2 2017 is...

Written Answers — Department of Finance: Small and Medium Enterprises Data (14 Dec 2017)

Paschal Donohoe: I have been informed by the Central Bank that it does not routinely publish specific data on entities who are not regulated by the Central Bank and it is therefore not possible to provide the numbers requested by the Deputy. I would however refer the Deputy to the Report on Mortgage Arrears which the Central Bank provided to the Minister for Finance in June 2016 () which provides details of...

Written Answers — Department of Finance: Mortality Data (14 Dec 2017)

Paschal Donohoe: I am informed by the Central Bank that there is no such regulated category as ‘sub-prime lender’.  Retail Credit Firms are authorised to provide credit, in the form of cash loans, directly to individuals (these firms are not licensed to accept deposits).  Some firms authorised in this category are mortgage lenders.  Retail Credit Firms have been subject to...

Written Answers — Department of Finance: Central Bank of Ireland Data (14 Dec 2017)

Paschal Donohoe: I have been informed by the Central Bank that it does not maintain a record of the number of commercial loans sold on by the original underwriter. Portfolio sales are considered as part of normal supervisory engagement where they are sufficiently material.  Typically with an asset loan sale, in circumstances where there are permissible contractual terms which allow the sale of...

Written Answers — Department of Finance: Credit Register Establishment (14 Dec 2017)

Paschal Donohoe: The Central Bank has advised me that the Central Credit Register (CCR) is being implemented on a phased basis with phase 1 focusing on lending to consumers and phase 2 focusing on moneylenders, local authorities and business lending. The period for data submission by lenders for phase 1 runs from 30 June 2017 to 31 December 2017.  During this period, technical and operational...

Written Answers — Department of Finance: Personal Contract Plans (14 Dec 2017)

Paschal Donohoe: Personal Contract Plans (PCP) are a form of Hire Purchase and both the Central Bank and the Competition and Consumer Protection Commission (CCPC) have certain functions and legal powers in relation to the provision of hire-purchase agreements. The CCPC is responsible under the Consumer Credit Act 1995, for the authorisation of credit intermediaries, some of whom may...

Written Answers — Department of Finance: Financial Services Regulation (14 Dec 2017)

Paschal Donohoe: As the Deputy is aware, anyone wishing to engage in the business of moneylending requires a licence from the Central Bank in accordance with the Consumer Credit Act 1995 and this licence must be renewed every year. Consumers of licensed moneylenders are protected by a range of provisions that moneylenders must adhere to, including but not limited to, the Consumer Protection Code for...

Written Answers — Department of Finance: Legislative Programme (14 Dec 2017)

Paschal Donohoe: At this point I have no plans for a second Finance Bill as part of the Budget 2018 process.

Written Answers — Department of Finance: Revenue Commissioners Data (14 Dec 2017)

Paschal Donohoe: I am advised by Revenue that it reports on the tax debt as at 31 March each year. On 31 March 2017 the total outstanding debt was €1,944m. However, this figure included €1,105m of debt under appeal to the Tax Appeals Commission and €83m of insolvency debt.  The remaining €756m is regarded as a more accurate indicator of the actual debt that was available to...

Written Answers — Department of Finance: Central Bank of Ireland Staff (14 Dec 2017)

Paschal Donohoe: It was not possible for the Central Bank of Ireland to provide the information sought in the time available and, therefore, I will make arrangements to provide the information in line with Standing Orders.

Written Answers — Department of Finance: Small and Medium Enterprises Debt (14 Dec 2017)

Paschal Donohoe: I have been informed by the Central Bank that as set out in the Business Credit and Deposits statistical Table A.14.1, available on the website of the Central Bank, the level of outstanding SME debt as at end-Q2 2017 is €27,504 million. The latest data on the share of outstanding SME loan balances in default (i.e. default rate) across the main economic sectors, and across...

Written Answers — Department of Finance: Central Bank of Ireland Data (14 Dec 2017)

Paschal Donohoe: The Central Bank of Ireland has imposed fines greater than €100,000 on a number of regulated financial service providers over the past three years. T here were four such fines in 2015, seven in 2016, and five in 2017 to date. T hese are detailed in the following table provided by the Central Bank: Financial Institution Year Fine 1 Intesa Sanpaolo Life dac 2017...

Written Answers — Department of Finance: Departmental Staff Data (14 Dec 2017)

Paschal Donohoe: I wish to inform the Deputy that the structure of the Department of Finance has changed over the years and I am answering the Parliamentary Question as per the structure of the Department now. The staffing levels in the Department of Finance by Division in 2017 (as at end Nov.), 2016 and 2015 are set out in the following table as Full Time Equivalents: Division 2017 (as at end Nov.) 2016...

Written Answers — Department of Finance: Revenue Commissioners Staff (14 Dec 2017)

Paschal Donohoe: I am advised by Revenue that it had a serving full-time equivalent permanent staff number of 6,015 at end November 2017. Revenue’s 2017 multi-annual budget provides for a serving level of 6,014, the table below provides a breakdown of staff in Revenue by Region/Division. The majority of Regions/Divisions in Revenue are fully staffed within the overall resources available. ...

Written Answers — Department of Finance: National Treasury Management Agency Staff (14 Dec 2017)

Paschal Donohoe: The National Treasury Management Agency have advised me regarding the issues raised in the Deputy's question and have supplied the table below showing the number of staff employed by functional area, staffing levels as at end 2015, 2016 and 2017, the number of vacancies and the average length of time that these vacancies have been open: Summary as at 31/12/2015 as at 31/12/2016...

Written Answers — Department of Finance: Central Bank of Ireland Staff (14 Dec 2017)

Paschal Donohoe: The Central Bank has provided the following tables which outline the staffing levels by functional area in 2015 and 2016, and the staffing levels and open vacancies by functional area in 2017. 2017 Pillar Directorate Active FTE # Open roles Average time to hire (weeks) CENTRAL BANKING CORPORATE AFFAIRS 140.8 14 9.30 ECONOMICS 88.1 5 9.30 FINANCIAL OPERATIONS 87.2 2 7.00 FINANCIAL...

Written Answers — Department of Finance: IBRC Mortgage Loan Book (14 Dec 2017)

Paschal Donohoe: I propose to take Questions Nos. 113 and 114 together. As the Deputy is aware, for operational reasons the loan assets of Irish Bank Resolution Corporation Limited (in Special Liquidation) (“IBRC”) were divided into eight portfolios: Evergreen, Rock, Salt, Sand/Pearl, Stone, Pebble, Quartz and Amber. The Sand portfolio originally comprised 12,702 Irish originated residential...