Results 24,721-24,740 of 27,945 for speaker:Michael McGrath

Topical Issue Debate: NAMA Court Cases (25 Sep 2012)

Michael McGrath: I am pleased the Minister for Finance is present to discuss this issue. On 2 August last, the National Asset Management Agency, NAMA, was advised by a journalist from The Sunday Times that a senior executive in the agency, Mr. Enda Farrell, purchased a five bedroom house in Dublin last December from the agency's portfolio in a private deal without the property being put up for sale on the...

Leaders' Questions (25 Sep 2012)

Michael McGrath: It is not happening.

Written Answers — Department of Justice and Equality: Liquor Licensing Laws (25 Sep 2012)

Michael McGrath: To ask the Minister for Justice and Equality further to Parliamentary Question No 483 of 3 July 2012, if he will arrange for the report from the Gardaí to be forwarded to this Deputy as soon as possible. [40622/12]

Written Answers — Department of Transport, Tourism and Sport: Pension Provisions (25 Sep 2012)

Michael McGrath: To ask the Minister for Transport, Tourism and Sport the steps he is taking to address the dispute between the workers of Aer Lingus, Dublin Airport Authority and former SRT workers and the relevant employer organisations arising from the difficulties in the Irish airlines (general employees) superannuation scheme; and if he will make a statement on the matter. [40617/12]

Other Questions: Defence Forces Equipment (20 Sep 2012)

Michael McGrath: To ask the Minister for Defence the capital purchases of military equipment made to date in 2012 and planned for the remainder of this year; the total cost of those purchases; and if he will make a statement on the matter. [39483/12]

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Michael McGrath: I welcome Ms Byrne and her colleague, Mr. Ted O'Sullivan. I thank them for a comprehensive submission and for the helpful supplementary information that was supplied. As Ms Byrne mentioned, the joint committee has gone into some detail on the term limits but I wish to tease out her views in this regard. She has suggested the limit should be 12 rather than nine years. Does she believe...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Michael McGrath: In the supplementary documentation provided, Ms Byrne referred to the restructuring and consolidation that will take place in the sector. She points to the model of the Irish agricultural co-operative movement and cites the west Cork model as an example, whereby four independent co-operatives jointly own a central processing unit, namely, Carbery Milk Products. Is this the sort of model Ms...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Michael McGrath: This is even more of a factor at present, with bank branches closing nationwide.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Michael McGrath: I thank Mr. Gunning. Could he remind us of the definition of a dormant account, in terms of the period for which an account must be inactive? Given his experience of the amount of dormant accounts that were in the banks and financial institutions, could he give an estimate of what might be the percentage of the deposit base that could be classified as dormant accounts? What was the typical...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Michael McGrath: What was the level in the banks?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Michael McGrath: How widespread is the use of these savings stamps?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Michael McGrath: Is Mr. O'Sullivan saying that the only evidence of such a transaction is the physical possession of the stamp, that there is no record of it?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Michael McGrath: What is the position if a member loses the stamps purchased?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Michael McGrath: It is just like losing cash. That is a problem. Therefore, that needs to be accounted for. If the conditions to be fulfilled were amended and an audit trail, a minimum, be it on a digital medium or a paper-based medium, were put in place, it would solve those problems.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Michael McGrath: I welcome the delegates and thank them for attending. Ms Motherway has made several interesting observations. On the issue of the funding imbalance, if I am correctly interpreting what she is saying, the risk is essentially one of an over-concentration of the deposit base among a relatively small percentage of savers. There are clearly risks inherent in this because if these savers move...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Michael McGrath: I welcome the delegations and I thank Mr. Hosford for his remarks. On the issue of levies, the draft scheme provides for three separate levies. What will be the impact of that provision on Mr. Hosford's credit union in terms of its viability? There is a concern that levies are open-ended and that there is no indication of a likely liability. It could result in some credit unions becoming...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Michael McGrath: I thank Mr. Morris for his comments and submission. I can see both sides of the argument. My instinct is that it is not particularly healthy for the same firm of auditors to audit a credit union indefinitely. I know there is the proviso that the engagement partner needs to change every five years. Certainly the role of the auditors in auditing the banks in recent years is something that...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Michael McGrath: I welcome our guests. I wish to comment on a couple of the points that were made. In view of the fact that MABS deals with many distressed borrowers, I would be interested in hearing the views of the representatives from MABS on the essential differences they experience in the context of their interaction with banks, on one hand, and credit unions, on the other. Quite justifiably, they...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion (Resumed) (20 Sep 2012)

Michael McGrath: Yes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Bill 2012: Discussion with Irish League of Credit Unions (19 Sep 2012)

Michael McGrath: How would the prohibitions on serving at board level affect the movement?