Results 22,741-22,760 of 27,945 for speaker:Michael McGrath

Written Answers — Department of Finance: Insurance Industry Issues (14 Nov 2013)

Michael McGrath: 43. To ask the Minister for Finance if the Central Bank was aware of any issues of concern at Irish operations of Royal and Sun Alliance prior to the company's announcement of the suspension of three senior executives after issues regarding Irish claims and finance functions were identified during an internal audit within the company itself; if the Central Bank had been or is now planning to...

Written Answers — Department of Finance: Credit Unions (14 Nov 2013)

Michael McGrath: 44. To ask the Minister for Finance if he will provide the background to the decision of the Central Bank to seek High Court approval for the transfer of Newbridge Credit Union to Permanent TSB; the consultations held with the bank prior to the application to the High Court; and if he will make a statement on the matter. [48717/13]

Written Answers — Department of Finance: Credit Unions (14 Nov 2013)

Michael McGrath: 45. To ask the Minister for Finance the number of Credit Unions that the Central Bank currently believes remedial action will be required; if he will specify the work that is ongoing in that regard; and if he will make a statement on the matter. [48718/13]

Written Answers — Department of Finance: Credit Unions (14 Nov 2013)

Michael McGrath: 46. To ask the Minister for Finance the amount of fees charged to date by the special manager of Newbridge Credit Union since their appointment; the person who pays the bill; and if he will make a statement on the matter. [48719/13]

Written Answers — Department of Finance: EU-IMF Programme of Support Issues (14 Nov 2013)

Michael McGrath: 49. To ask the Minister for Finance when a final decision will be made on whether or not the Government will apply for a precautionary credit line as part of our exit from the current Troika programme; and if he will make a statement on the matter. [48726/13]

Written Answers — Department of Finance: NTMA Cash Reserves (14 Nov 2013)

Michael McGrath: 50. To ask the Minister for Finance the amount of cash reserves currently held by the National Treasury Management Agency; the anticipated amount that will be held at 31 December 2013; if the NTMA have any plans to borrow further money on the markets; and if he will make a statement on the matter. [48727/13]

Written Answers — Department of Finance: Credit Unions (14 Nov 2013)

Michael McGrath: 51. To ask the Minister for Finance if Permanent TSB have been indemnified against any future losses at Newbridge Credit Union in excess of the losses covered by the injection of €53 million in capital; and if he will make a statement on the matter. [48774/13]

Written Answers — Department of Finance: Credit Unions (14 Nov 2013)

Michael McGrath: 52. To ask the Minister for Finance if he intends to put additional money into the credit union fund following recent events at Newbridge Credit Union; and if he will make a statement on the matter. [48775/13]

Written Answers — Department of Finance: Credit Unions (14 Nov 2013)

Michael McGrath: 53. To ask the Minister for Finance when a full report setting out the details of the cause of the financial difficulties at Newbridge credit Union will be available; and if he will make a statement on the matter. [48776/13]

Written Answers — Department of Finance: Insurance Compensation Fund (14 Nov 2013)

Michael McGrath: 54. To ask the Minister for Finance if there are any implications for the Insurance Compensation Fund from recent events at RSA Ireland; if RSA Ireland sought assistance from the Insurance Compensation Fund; and if he will make a statement on the matter. [48777/13]

Written Answers — Department of Finance: NAMA Portfolio Issues (14 Nov 2013)

Michael McGrath: 55. To ask the Minister for Finance his views on whether the National Asset Management Agency can assist in improving the supply of houses available to rent or purchase in the Dublin region; and if he will make a statement on the matter. [48778/13]

Written Answers — Department of Finance: NAMA Portfolio Value (14 Nov 2013)

Michael McGrath: 56. To ask the Minister for Finance the total value of artwork disposed of by the National Asset Management Agency to date; and if he will make a statement on the matter. [48779/13]

Written Answers — Department of Finance: Home Repossession Rate (14 Nov 2013)

Michael McGrath: 57. To ask the Minister for Finance if he is concerned at the significant rise in the number of home repossession actions being taken by banks during the month of October; and if he will make a statement on the matter. [48780/13]

Written Answers — Department of Finance: Banking Sector Issues (14 Nov 2013)

Michael McGrath: 58. To ask the Minister for Finance his views on whether it would be beneficial for the economy if the banks passed on the ECB interest rate reduction; and if he will make a statement on the matter. [48781/13]

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (13 Nov 2013)

Michael McGrath: The Minister and his officials are very welcome. In the context of the significant date this country faces next month with the formal exit from the bailout programme, will Ireland's exit from this programme come up for discussion in any format at ECOFIN or will the Minister take the opportunity to take any soundings or have any discussions on the margins of the formal meeting concerning...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (13 Nov 2013)

Michael McGrath: Is 15 December still the formal exit date or is that affected by the two-month extension we received for drawing down the final tranche of funds under the programme? The Minister might explain what happened in respect of that and how that came about.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (13 Nov 2013)

Michael McGrath: So the Minister is not going to avail of the additional two-month window in terms of the drawdown deadline in respect of the decision he is going to make on the precautionary credit line? Is it still his intention to have that decision made by mid-December?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (13 Nov 2013)

Michael McGrath: Can I ask the Minister for an update as to where we are on that question of the precautionary credit line? What issues have yet to be teased out by Government? I know the Minister has had a pretty extensive round of consultations with key stakeholders and taken many soundings on board. He still has a number of weeks in which to make a final decision. The markets seem to be quite calm on...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (13 Nov 2013)

Michael McGrath: Sure.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Forthcoming ECOFIN Council: Discussion with Minister for Finance (13 Nov 2013)

Michael McGrath: The Minister knows my view on that, which I have put forward in a non-adversarial way. I think the downside of not opting for a precautionary credit line is more considerable. I take the Minister's point that we might have a better prospect of a clean exit now as opposed to in 12 months' time.