Results 23,641-23,660 of 27,945 for speaker:Michael McGrath

Written Answers — Department of Justice and Equality: Private Security Industry (16 Apr 2013)

Michael McGrath: To ask the Minister for Justice and Equality if, under the Private Security Services Act 2004, a person in the security business operating as a sole trader with no employees and who holds a contractor's security licence from the Private Security Authority also requires an individual licence; and if he will make a statement on the matter. [17054/13]

Written Answers — Department of Health: Health Services Staff Issues (16 Apr 2013)

Michael McGrath: To ask the Minister for Health if he has identified the specific sections of the Health Service Executive where employees can apply for the planned new targeted voluntary redundancy scheme; when he expects the scheme to open for applications; and if he will make a statement on the matter. [16069/13]

Written Answers — Department of Health: Health Services Staff Issues (16 Apr 2013)

Michael McGrath: To ask the Minister for Health the procedures that apply whereby existing Health Service Executive employees may wish to be considered for a transfer to other parts of the public service where opportunities arise; and if he will make a statement on the matter. [16070/13]

Written Answers — Department of Health: Prescription Charges (16 Apr 2013)

Michael McGrath: To ask the Minister for Health if the prescription charges are being administered correctly in a case (details supplied) [17062/13]

Written Answers — Department of Transport, Tourism and Sport: Marine Gallantry Award (16 Apr 2013)

Michael McGrath: To ask the Minister for Transport, Tourism and Sport if there is any official awards ceremony whereby members of the public can nominate persons or organisations under his Department, for example the Irish Coastguard, for an act of exceptional courage performed in the course of their duties; and if he will make a statement on the matter. [17058/13]

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Recovery and Resolution Framework for Financial lnstitutions: Discussion (4 Apr 2013)

Michael McGrath: What is the current legal position? I understand that, aside from ECB policy, one of the reasons senior bondholders were not burned was that they ranked pari passu with depositors. They were equal in law. Is that still the case under Irish law?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Recovery and Resolution Framework for Financial lnstitutions: Discussion (4 Apr 2013)

Michael McGrath: If the banks, God forbid, needed more money and the EU was not prepared to sanction the deployment of the ESM to recapitalise them directly, shareholders and subordinated bondholders would take the hit. If depositors and senior bondholders are equal in law, what would happen with regard to them?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Recovery and Resolution Framework for Financial lnstitutions: Discussion (4 Apr 2013)

Michael McGrath: I hear what you are saying. It is a reasonable question to ask. This is a work in progress and, hopefully, greater clarity will be brought to bear before matters are finalised. Given what happened in Cyprus, people are entitled to ask where they stand as a matter of law - and will stand when the directive is finalised - in respect of any deposits they hold in excess of €100,000.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Recovery and Resolution Framework for Financial lnstitutions: Discussion (4 Apr 2013)

Michael McGrath: Up to €100,000.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Recovery and Resolution Framework for Financial lnstitutions: Discussion (4 Apr 2013)

Michael McGrath: If there are losses and a bank needs to be recapitalised, what will determine whether the ESM is used or the bail-in tools are deployed and losses are distributed?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Recovery and Resolution Framework for Financial lnstitutions: Discussion (4 Apr 2013)

Michael McGrath: A resolution fund was established in Ireland under the 2011 Act. How much money is in the fund? I understand €250 million was put in last year and that an equivalent amount is to be invested this year. Has part of the fund been drawn down by credit unions in need of additional capital and have we started to levy the financial institutions to repay the Minister the money he put in on...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Recovery and Resolution Framework for Financial lnstitutions: Discussion (4 Apr 2013)

Michael McGrath: How much has been received?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Recovery and Resolution Framework for Financial lnstitutions: Discussion (4 Apr 2013)

Michael McGrath: Is that the full amount for the current year? How much per year is being paid in?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Recovery and Resolution Framework for Financial lnstitutions: Discussion (4 Apr 2013)

Michael McGrath: I ask that the committee be sent a note by the officials setting out in tabular form the money that has been put into the fund, any outgoings to date, the interest earned and payments made by the eligible institutions.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Recovery and Resolution Framework for Financial lnstitutions: Discussion (4 Apr 2013)

Michael McGrath: I would like to welcome Mr. Carrigan and his colleagues from the Department of Finance and the Central Bank. I welcome the fact that a common bank resolution regime will eventually be in place throughout Europe. It is long overdue. It is a great pity one was not put in place a number of years ago, which could potentially have been to our benefit in Ireland. I will continue in the same...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Recovery and Resolution Framework for Financial lnstitutions: Discussion (4 Apr 2013)

Michael McGrath: I hear what Mr. Dempsey is saying, but I find it very unsatisfactory that that is the position. I know he is just explaining the current status of the ongoing negotiations, but that is the nub of the issue. The prevention and recovery plans, which are absolutely necessary, are prepared; this should have been done a long time ago. However, if it does come down to a situation in which there...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Recovery and Resolution Framework for Financial lnstitutions: Discussion (4 Apr 2013)

Michael McGrath: Is it the intention that that omission, as I would regard it, will be filled during the negotiations? Will more flesh be put on the bones concerning what one does with the losses at that point in the bail-in, after shareholders and subordinated bondholders have been hit? Will that be fleshed out or could it be left the way it is, which is inconclusive?

Other Questions: Diplomatic Representation (28 Mar 2013)

Michael McGrath: To ask the Tánaiste and Minister for Foreign Affairs and Trade if he has reviewed the effectiveness of having a non-resident ambassador to the Holy See; and if he will make a statement on the matter. [15599/13]

Credit Reporting Bill 2012: Second Stage (28 Mar 2013)

Michael McGrath: I welcome the opportunity to speak on Second Stage of the Credit Reporting Bill 2012. I acknowledge that the Department has engaged in significant consultation with the key stakeholders in the finance industry, the Central Bank and the Data Protection Commissioner. I also acknowledge and thank the Oireachtas Library and Research Service for its excellent information on the Bill and the...

Mortgage Arrears: Motion (Resumed) [Private Members] (27 Mar 2013)

Michael McGrath: I thank all Deputies who contributed to this debate over the past two nights and acknowledge the constructive and conciliatory contribution of the Minister of State at the Department of Finance, Deputy Brian Hayes. It was consistent with the purpose of this motion, which is solutions-driven. That is what we are about. It is the reason my colleagues and I are in politics. As stated by...