Results 221-240 of 321 for nama speaker:Michael McGrath

Written Answers — Department of Finance: IBRC Mortgage Loan Book (10 Apr 2014)

Michael McGrath: ...Irish Bank Resolution Corporation buy to let mortgages sold by the special liquidator; the number that will transfer to the National Asset Management Agency; the number of mortgages transferring to NAMA that are in arrears; his plans for further sales; and if he will make a statement on the matter. [17047/14]

Government's Priorities for the Year Ahead: Statements (Resumed) (5 Mar 2014)

Michael McGrath: ...charges. The personal insolvency regime is not dealing with anywhere near the number of cases that it was intended to deal with because of the way in which it was established. The social dividend which was promised from NAMA is not being delivered because more than half of the properties it identified for social housing have been turned down by local authorities. The legacy bank debt...

Written Answers — Department of Finance: NAMA Operations (27 Feb 2014)

Michael McGrath: 68. To ask the Minister for Finance when the National Asset Management Agency review will be completed; if he has issued any policy instructions to NAMA prior to the conclusion of the review; and if he will make a statement on the matter. [10230/14]

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: NAMA Court Cases (22 Jan 2014)

Michael McGrath: ...including any relevant details of all legal cases currently before the Courts involving the National Assets Management Agency; if he will provide a statement on the current status of each case and NAMA's approach in respect of each one; if he will specify any monetary sums involved in each case; and if he will make a statement on the matter. [3066/14]

Ceisteanna - Questions - Priority Questions: IBRC Liquidation (16 Jan 2014)

Michael McGrath: ...of valuations and the book value of the assets. Yesterday the Minister for Finance gave some indication of how much of those assets are likely to be sold with the balance being transferred to NAMA, but I hope he will take the opportunity today to update the House on what is an extremely important liquidation of a very large State-owned institution.

Ceisteanna - Questions - Priority Questions: IBRC Liquidation (16 Jan 2014)

Michael McGrath: ...a comprehensive picture of what is going on in respect of the liquidation of IBRC. That, in essence, is what I seek to find out. Is it not the case that the prohibition that exists in the case of NAMA, which we discussed at a meeting of the Oireachtas Select Sub-committee on Finance yesterday, preventing that organisation from selling loans back to the original NAMA debtors does not...

Ceisteanna - Questions - Priority Questions: IBRC Liquidation (16 Jan 2014)

Michael McGrath: ...to the special liquidators. When will the drawbridge come down on this? Is it at the end of the first quarter this year that the liquidator will either have sold on the assets or the transfer to NAMA will take place, and the overall financial performance of the liquidator can then be assessed? When will we see the information and what will we see? Can the Minister give any reassurance...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Estimates for Public Services 2014
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Office of the Appeal Commissioners (Revised) (15 Jan 2014)

Michael McGrath: ...to be quite stable. Presumably, they are under considerable pressure. The Minister might comment on that. Second, the Minister indicates that, with the likely transfer of some IBRC assets to NAMA, there will be additional work for the Comptroller and Auditor General's office. At this stage, has he any indication as to the likely scale of that additional work?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Estimates for Public Services 2014
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Office of the Appeal Commissioners (Revised) (15 Jan 2014)

Michael McGrath: I wish to ask about one of the outputs listed for this year to complete the review of the National Asset Management Agency, NAMA, including assessment of alternatives to outright sales for relatively illiquid properties such as qualifying investment funds. Could the Minister tell us about the NAMA review, which is a requirement under the legislation? Who will conduct the review and what is...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Estimates for Public Services 2014
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Office of the Appeal Commissioners (Revised) (15 Jan 2014)

Michael McGrath: ...a comprehensive update on how that process is going and what the net impact will be for taxpayers once the loan portfolios are sold on or transferred into the National Asset Management Agency, NAMA. There was no reference to the lack of progress on implementing the agreement made at the June 2012 summit to separate bank debt from national sovereign debt. The Minister referred to the...

Written Answers — Department of Finance: NAMA Property Sales (15 Jan 2014)

Michael McGrath: 123. To ask the Minister for Finance the procedures that apply when the National Assets Management Agency or a NAMA debtor is appointing a selling agent to dispose of a particular property; if the selling agent is obliged to notify NAMA or the NAMA debtor of all offers that have been made for the property; if he will provide details of the nature of the commercial relationship, including the...

Written Answers — Department of Finance: IBRC Liquidation (18 Dec 2013)

Michael McGrath: ...to date by the special liquidator; the position regarding the transfer of loans from IBRC to the National Asset Management Agency; if any discount will be applied to the loans in their transfer to NAMA; and if he will make a statement on the matter. [54556/13]

Written Answers — Department of Finance: NAMA Court Cases (18 Dec 2013)

Michael McGrath: 72. To ask the Minister for Finance the number of court cases that the National Asset Management Agency has taken or plans to take to secure reversal of asset transfers by NAMA debtors which the agency believes were designed to put assets beyond the reach of the agency; if he will provide a breakdown of the type of assets which been returned to the agency thus far including cash, property and...

Written Answers — Department of Finance: NAMA Receivers (18 Dec 2013)

Michael McGrath: 73. To ask the Minister for Finance the amount of fees incurred by the National Asset Management Agency in respect of the appointment of receivers to NAMA debtors in each of the years in 2012 and to date in 2013; the number of receivers that have been appointed by NAMA for each of these years; and the number of different professional firms that have been appointed as receivers by the agency....

Topical Issue Debate: IBRC Liquidation (11 Dec 2013)

Michael McGrath: I thank the Minister of State for his response. If the loan book ends up in NAMA, I expect that best practice will apply. Even though NAMA is not a regulated entity, I suspect the code of conduct would be applied; I do not question that.

Topical Issue Debate: IBRC Liquidation (11 Dec 2013)

Michael McGrath: ...to reassure people that they will retain these key protections if the mortgage book is sold. That is absolutely essential. The Minister has made some positive noises about the possibility of NAMA ending up with the mortgage book. NAMA would almost certainly step up to the plate in terms of applying the current standards and protections. We need reassurance to be provided in this House.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Michael McGrath: This is the section which seeks to remove the restriction on NAMA banks using losses forward. On the one hand the budget was about taking from the banks by way of the introduction of a bank levy but on the other, giving back to the banks by way of removing the shelter of a maximum of 50% of taxable profits that could be offset by losses forward. As the Minister is aware, that was originally...

Financial Resolutions 2014 - Budget Statement 2014 (15 Oct 2013)

Michael McGrath: ...of this levy will make it less likely we will be able to attract competition into the banking sector here. The Minister is removing the restriction on the use of deferred tax assets for NAMA. This is a big win for the banks and I would like to see much more detail on it. If the banks return to profitability, which I hope they do, what will this mean in terms of taxation they will not...

Written Answers — Department of Finance: NAMA Property Construction (8 Oct 2013)

Michael McGrath: ...of any construction projects currently under way in Cork city and county under the aegis of the National Assets Management Agency; if he will confirm the procurement process that applies when NAMA is appointing a contractor to undertake construction work; and if he will make a statement on the matter. [42372/13]