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Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Sale of IBRC Mortgage Loan Book: Discussion (26 Feb 2014)

Michael McGrath: It will not be written down anywhere at all?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Sale of IBRC Mortgage Loan Book: Discussion (26 Feb 2014)

Michael McGrath: So it has zero legal standing.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Sale of IBRC Mortgage Loan Book: Discussion (26 Feb 2014)

Michael McGrath: It is utterly unenforceable legally and has no standing whatsoever. They can say they are complying voluntarily but, equally, they can withdraw that voluntary compliance at any time.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Sale of IBRC Mortgage Loan Book: Discussion (26 Feb 2014)

Michael McGrath: I was going to say that it is not worth the paper it is written on. It appears, however, that it will not be written on any piece of paper so I am not sure what value that puts on it. Mr. Wallace has been put in the firing line here today, but this is as much a political issue as it is one for the special liquidators. I will take up those issues with Ms Nolan as she is representing the...

Written Answers — Department of Public Expenditure and Reform: European Investment Bank (26 Feb 2014)

Michael McGrath: 28. To ask the Minister for Public Expenditure and Reform the way he believes the European Investment Bank can be best used to complement public expenditure to maximise economic growth; and if he will make a statement on the matter. [9449/14]

Written Answers — Department of Finance: Mortgage Data (26 Feb 2014)

Michael McGrath: 55. To ask the Minister for Finance the total number of both buy-to-let and residential mortgages that have been sold to unregulated entities since 2010; the institutions who sold and to whom they were sold; the current rate of arrears on these mortgages; and if he will make a statement on the matter. [9875/14]

Written Answers — Department of Finance: Central Bank of Ireland (26 Feb 2014)

Michael McGrath: 56. To ask the Minister for Finance the level of interaction the Central Bank of Ireland has had with unregulated institutions who have purchased mortgage loans since the date of purchase; and if he will make a statement on the matter. [9876/14]

Written Answers — Department of Finance: Insurance Industry Regulation (26 Feb 2014)

Michael McGrath: 57. To ask the Minister for Finance the relevant legislation which covers the regulation of the insurance sector and the rights of consumers in respect of insurance policies; and if he will make a statement on the matter. [9877/14]

Written Answers — Department of Finance: Tax Reliefs Eligibility (26 Feb 2014)

Michael McGrath: 58. To ask the Minister for Finance the number of persons who have been approved for the home renovation incentive since its inception; and if he will make a statement on the matter. [9894/14]

Written Answers — Department of Finance: Tax Reliefs Eligibility (26 Feb 2014)

Michael McGrath: 59. To ask the Minister for Finance the number of persons who have been approved for the start your own business relief since its inception; and if he will make a statement on the matter. [9895/14]

Written Answers — Department of Justice and Equality: Money Laundering (26 Feb 2014)

Michael McGrath: 179. To ask the Minister for Justice and Equality the number of convictions for money laundering and the total sums involved in each year since 2010; and if he will make a statement on the matter. [9878/14]

Written Answers — Department of Finance: Tax Credits (25 Feb 2014)

Michael McGrath: 177. To ask the Minister for Finance the conditions a person must meet in order to qualify for a PAYE tax credit; and if he will make a statement on the matter. [8882/14]

Written Answers — Department of Finance: European Investment Bank (25 Feb 2014)

Michael McGrath: 179. To ask the Minister for Finance the current status of the review by the European Investment Bank of its lending criteria; and if he will make a statement on the matter. [8900/14]

Written Answers — Department of Finance: European Investment Bank (25 Feb 2014)

Michael McGrath: 180. To ask the Minister for Finance if the European Investment Bank is permitted to lend directly to local authorities for project initiatives that meet its lending criteria; and if he will make a statement on the matter. [8901/14]

Written Answers — Department of Finance: NAMA Portfolio (25 Feb 2014)

Michael McGrath: 181. To ask the Minister for Finance the value the National Asset Management Agency currently ascribes to art works it currently has in its portfolio of assets; and if he will make a statement on the matter. [8902/14]

Written Answers — Department of Finance: Flood Risk Insurance Cover (25 Feb 2014)

Michael McGrath: 183. To ask the Minister for Finance his views on the refusal of insurance companies to provide insurance for flood cover and subsidence for many residents around the country; his plans to introduce any legislation or to encourage any industry initiatives in this area; and if he will make a statement on the matter. [8978/14]

Written Answers — Department of Finance: NAMA Expenditure (25 Feb 2014)

Michael McGrath: 184. To ask the Minister for Finance the rates liquidators are permitted to charge the National Asset Management Agency following the tender process for insolvency services that NAMA undertook; and if he will make a statement on the matter. [8986/14]

Written Answers — Department of Finance: IBRC Liquidation (25 Feb 2014)

Michael McGrath: 185. To ask the Minister for Finance if there is any performance element built in to the fees agreed with KPMG in respect of the special liquidation of Irish Bank Resolution Corporation, for example by reference to the sale of IBRC assets achieved on the open market; and if he will make a statement on the matter. [8987/14]

Written Answers — Department of Finance: IBRC Liquidation (25 Feb 2014)

Michael McGrath: 186. To ask the Minister for Finance the number of KPMG personnel currently engaged on a full-time and a part-time basis on the special liquidation of the Irish Bank Resolution Corporation; the third parties that might be supporting KPMG in the special liquidation of IBRC at the present time; and if he will make a statement on the matter. [8991/14]

Written Answers — Department of Finance: Tax Credits (25 Feb 2014)

Michael McGrath: 204. To ask the Minister for Finance the estimated cost to the Exchequer in a full year of extending a tax credit of an amount equal to the PAYE tax credit to self employed persons; and if he will make a statement on the matter. [9383/14]

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