Results 24,321-24,340 of 27,945 for speaker:Michael McGrath

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)

Michael McGrath: I move amendment No. 18: In page 11, lines 35 to 37, to delete all words from and including “and” in line 35 down to and including “legislation” in line 37.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)

Michael McGrath: I move amendment No. 12: In page 9, before section 7, to insert the following new section:"7.--The Principal Act is amended by the insertion of the following new section:"26A.--(1) A credit union may promote, invest in, loan to, and/or contract with a credit union service organisation approved by the Bank (on such terms as the bank consider appropriate) and engaged in activities and services...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)

Michael McGrath: I move amendment No. 13: In page 9, before section 7, to insert the following new section:"7.--Section 6(2) of the Principal Act is amended by the insertion of the following paragraph after paragraph (g):"(h) a credit union may lend to state guaranteed projects which are in keeping with the objects for which credit unions are formed as stated in this section,".".

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)

Michael McGrath: I move amendment No. 14: In page 9, before section 7, to insert the following new section:"7.--Credit unions shall be permitted to operate electronically enabled payment accounts.".Deputy O'Donnell will be pleased to know this is about debit cards. It provides for explicit recognition and permission for credit unions to operate electronically enabled payment accounts. Many of the larger...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)

Michael McGrath: Under the Bill, will credit unions have to apply individually to the Central Bank for permission to operate a debit card system?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)

Michael McGrath: The Minister described the proposal contained in amendment No. 11 as relating to shared branching. This is an objective it would be worth working towards. I accept that considerable work would have to be done in order to ensure adequate systems and safeguards would be put in place to ensure the system would work properly. The Minister's offer to refer the matter to the Credit Union...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)

Michael McGrath: On amendment No. 12, the Minister has made the point that there is no provision in statute to prevent the establishment of a credit union services organisation. I presume that, by extension, the scope of the work of any such organisation would not be limited in law. I accept the Minister's comments to the effect that explicitly listing the functions of credit union services organisations...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)

Michael McGrath: I am happy to withdraw amendment No. 3 but I wish to clarify my position. As a matter of principle I am keen for the definition of financial services legislation in section 6 to make clear that the application of legislation for credit unions relates to where there is explicit provision in the original legislation for it to apply to credit unions. Then all the other references later in the...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)

Michael McGrath: I move amendment No. 11: In page 9, before section 7, to insert the following new section: “7.--Section 6 of the Principal Act is amended by the insertion of the following subsection after subsection (5):“(6) Nothing in the foregoing will prevent a credit union from providing certain services, to be prescribed by the Bank, to a credit union or a member of another credit union...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)

Michael McGrath: I move amendment No. 3: In page 7, to delete lines 31 to 37.Essentially, all of the amendments in my name in this grouping flow directly from amendment No. 3. They all relate to the issue of the financial services legislation. If there is adequate wording in section 6 concerning financial services legislation and, in particular, on the application of the Central Bank legislation to credit...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)

Michael McGrath: If we can deal with that issue, it will help to smooth our proceedings because many of the subsequent amendments relate to the issue of the application of the full suite of financial services legislation to credit unions. The Minister has addressed this directly in his remarks and I welcome that. I also welcome his openness towards looking at the detail of this and his commitment to consult...

Written Answers — Department of Public Expenditure and Reform: Public Sector Staff Numbers (21 Nov 2012)

Michael McGrath: To ask the Minister for Public Expenditure and Reform the areas in which he has identified surplus numbers such that they will be targeted under his recently announced public sector voluntary redundancy scheme; and if he will make a statement on the matter. [51643/12]

Supreme Court Ruling in the X Case: Motion [Private Members] (20 Nov 2012)

Michael McGrath: At the outset, I extend my own personal sympathies to Praveen Halappanavar and his family, and the family of the late Savita, on what can only be described as a tragic loss for all of the family. It is indescribable, I agree with the Minister of State in that regard. We all agree the family deserve answers and to get to the truth. We need an investigation that pursues the truth and...

Written Answers — Department of Education and Skills: Departmental Staff Retirements (20 Nov 2012)

Michael McGrath: To ask the Minister for Education and Skills the amount, if any, of the miscalculation of the cost of recent retirements within his Department; if he will also clarify any other costs which were miscalculated and which will impact upon cuts to education in Budget 2013; and if he will make a statement on the matter. [51305/12]

Written Answers — Department of Education and Skills: School Curriculum (20 Nov 2012)

Michael McGrath: To ask the Minister for Education and Skills if he has concerns regarding the impact that the new junior certificate programme will have on the take up of history and geography; and if he will make a statement on the matter. [51321/12]

Written Answers — Department of Finance: Banking Sector Remuneration (20 Nov 2012)

Michael McGrath: To ask the Minister for Finance if he will provide details in tabular form of the number of staff for each covered institution earning a total remuneration package including pension payments, allowances including travel, accommodation, entertainment, car and related expenses and benefits of between €100,000 and €200,000, between €200,001 and €300,000, between...

Written Answers — Department of Finance: Banking Sector Remuneration (20 Nov 2012)

Michael McGrath: To ask the Minister for Finance if he will detail the remuneration packages, including salary, benefits, pension contributions, bonus or incentive payments/schemes and any temporary or other types of allowances, for the chief executives of Allied Irish Banks, Bank of Ireland, Permanent TSB, IBRC and for the chief executive of the National Treasury Management Agency and the National Assets...

Written Answers — Department of Finance: Banking Sector Remuneration (20 Nov 2012)

Michael McGrath: To ask the Minister for Finance if he will provide in detail the remuneration package paid including salary, benefits, pension, bonus and incentives, including the potential to establish a bonus and or incentive scheme, and any other non-standard benefits or allowances for the new chief risk officer of Irish Bank Resolution Corporation and if he will confirm when he approved the package....

Written Answers — Department of Finance: Banking Sector Remuneration (20 Nov 2012)

Michael McGrath: To ask the Minister for Finance if he will provide in detail the remuneration package paid including salary, benefits, pension, bonus and incentives, including the potential to establish a bonus and or incentive scheme, and any other non-standard benefits or allowances for the new chief risk officer of AIB; and if he will confirm when he approved the package. [51232/12]

Written Answers — Department of Finance: Bank Charges (20 Nov 2012)

Michael McGrath: To ask the Minister for Finance the number of customers affected and the total value of bank fees and interest refunded to customers in respect of AIB's review of mortgage and loan repayments which fall due on non-calendar dates; and if he will make a statement on the matter. [51501/12]