Results 41-60 of 185 for data protection speaker:Michael McGrath

Mortgage Interest Relief: Motion (20 Sep 2023)

Michael McGrath: ...; and - the Government has continued to act in response to the rising cost-of-living; and in February this year, a further package of supports worth €1.3 billion was introduced; acknowledges that: - there is a strong consumer protection framework in place for borrowers who may experience repayment difficulty due to rising interest rates or the cost-of-living more generally; -...

Written Answers — Department of Finance: National Asset Management Agency (13 Jul 2023)

Michael McGrath: ...disclosing taxpayer-specific information to third parties unless this is specifically provided for in legislation. Therefore, I can only refer to publicly available information. The latest data available for the estimated value of the relevant banks’ deferred tax assets is from their 2022 annual reports. According to their year-ended 31 December 2022 financial statements, the...

Written Answers — Department of Finance: Departmental Schemes (13 Jul 2023)

Michael McGrath: ...programme is to build a bench strength of high potential Bank Executive-level talent in regulation and central banking as well as difficult to acquire skills in niche areas such as IT & Data Analytics who have the potential for future growth and progression. The programme is 3 years in length which includes 2 x 18 month rotations. Graduates can apply to 3 streams: Actuarial, Data,...

Written Answers — Department of Finance: Insurance Industry (6 Jul 2023)

Michael McGrath: ...setting out its views on whether further action is required in this area. I understand that the Central Bank continues to engage with insurance providers to ensure oversight of pricing practices, and is gathering further data to help monitor the impact of the Regulations and to ensure that firms are delivering fair outcomes. As set out in the 2022 Act, a report will be submitted within 6...

Written Answers — Department of Finance: Insurance Industry (27 Jun 2023)

Michael McGrath: I am aware that home insurance costs may be rising for some consumers. However, with regard to the Deputy's question, I note that according to the latest CSO Consumer Price Index data for May 2023, the price of ‘insurance connected with the dwelling was 18.9 per cent higher year-on-year, although it did reduce by 2 per cent in the month from April 2023. Over the period related to the...

Written Answers — Department of Finance: Tax Yield (27 Jun 2023)

Michael McGrath: ...fuels. The complexities of the energy market and the range of producers and contracts must also be acknowledged - for example, the Renewable Energy Support Scheme (RESS) contains strong consumer protection measures, with wholesale market revenues above the auction price returned to electricity consumers through the Public Service Obligation Levy. I am advised by Revenue, the gross...

Written Answers — Department of Finance: Tax Reliefs (22 Jun 2023)

Michael McGrath: ...level of fixed interest rates for new lending was 4.11 per cent compared with 3.54 per cent in April 2023. Furthermore, in April, mortgages rates in Ireland were amongst the lowest in the eurozone. The data also indicate that a significant portion of new mortgages, 89 per cent in April 2023, are now fixed rate mortgages and this will protect borrowers, including first time mortgage...

Written Answers — Department of Finance: Tax Reliefs (13 Jun 2023)

Michael McGrath: ...level of fixed interest rates for new lending was 4.11 per cent compared with 3.44 per cent in March 2023. Furthermore, in March, mortgage rates in Ireland were amongst the lowest in the eurozone. The data also indicate that a significant portion of new mortgages, 89 per cent in March 2023, are now fixed rate mortgages and this will protect borrowers in the event of a rise in...

Written Answers — Department of Finance: Data Protection (13 Jun 2023)

Michael McGrath: ...Deputy that remote working in my Department is governed by the same organisation policies and procedures that apply to staff working in the office environment. This includes policies in respect of Data Protection, IT Security, Confidentiality, and Standards of Behaviour. There are a range of policies and protocols in place to safeguard against unauthorised exposure of personal data in any...

Written Answers — Department of Finance: Financial Services (30 May 2023)

Michael McGrath: I propose to take Questions Nos. 227 and 228 together. There is a comprehensive consumer protection framework in place to ensure that Central Bank regulated entities are transparent and fair in all their dealings with borrowers, and that borrowers are protected from the beginning to the end of the mortgage life cycle; for example, through protections at the initial marketing/advertising...

Written Answers — Department of Finance: Banking Sector (17 May 2023)

Michael McGrath: Deposit Guarantee Schemes (DGSs) across Europe were revised and improved in 2015, with uniform protection for depositors, improved operational procedures and a harmonised target level of 0.8% of covered deposits. This target level means that as deposits grow, so too does the DGS fund. In Ireland, the DGS has been successfully invoked five times to protect depositors, most recently with the...

Written Answers — Department of Finance: Banking Sector (16 May 2023)

Michael McGrath: ...the State is a shareholder in some of the banks operating in the jurisdiction, those entities must also be run on a commercial and independent basis, and their independence in this regard is protected by the relationship framework agreements. In terms of the interest rates currently available on deposits, the European Central Bank (ECB) released March 2023 Euro Area Bank Interest Rate...

Written Answers — Department of Finance: Departmental Data (10 May 2023)

Michael McGrath: ...local authority have informed Revenue of the withdrawal of an application. Revenue advise that it is not possible to break these applications down by year due to the low number of claimants and the need to protect taxpayer confidentiality. It is also not possible, with the data provided to Revenue, to break these applications down into successful and unsuccessful applications. The Deputy...

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Interest Rates (9 May 2023)

Michael McGrath: ....83% in February 2023. The Irish average interest rate on new mortgages is now below the eurozone average and in February, Ireland had the third-lowest mortgage rates in the eurozone for new mortgages. The data also indicate that a significant portion of new mortgages, 93% in February 2023, are now fixed-rate mortgages and this will protect borrowers in the event of a rise in official...

Written Answers — Department of Finance: Financial Services (9 May 2023)

Michael McGrath: ...Ireland. Bank branches, for example are considered a single location, however a bank branch may contain more than one ATM. If all retail bank ATMs were counted alongside all IAD-owned ATMs, recent data suggests overall IAD ownership of the ATM network may be in the region of 60%. As Deputy Hourigan will be aware, in 2021 my predecessor as Minister for Finance, Paschal Donohoe T.D.,...

Written Answers — Department of Finance: Interest Rates (9 May 2023)

Michael McGrath: ...the State is a shareholder in some of the banks operating in the jurisdiction, those entities must also be run on a commercial and independent basis, and their independence in this regard is protected by the relationship framework agreements. In terms of the interest rates currently available on deposits, the European Central Bank (ECB) released March 2023 Euro Area Bank Interest Rate...

Written Answers — Department of Finance: Information and Communications Technology (9 May 2023)

Michael McGrath: ...security matters. However, I can advise that all employees of the Department of Finance, whether permanent, temporary, or seconded to the Department have a duty to ensure compliance with the Data Protection Acts and the GDPR and must follow the provisions of the Department’s Data Protection Policy. All staff have a responsibility to ensure that personal data they access, manage...

Written Answers — Department of Finance: Housing Provision (27 Apr 2023)

Michael McGrath: ...units up to larger schemes of 300 units. To 31 December 2022, HBFI has approved 99 facilities across 21 counties. HBFI publishes regular updates on its funding to date on its website at www.hbfi.ie/data-protection-notice/about-hbfi/hbfi-data. The table below summarises the total number of developments approved for funding in each county: Approved Facilities by County: - ...

Committee on Budgetary Oversight: Stability Programme Update: Ministers for Finance, and Public Expenditure, National Development Plan Delivery and Reform (26 Apr 2023)

Michael McGrath: ...war in Ukraine, where we are on energy prices, where we are in terms of monetary policy and the impact that has, the cost-of-living pressures generally for households and businesses and the up-to-date data at that point in time. Protecting competitiveness will be a key factor for Ireland. That is where we have done particularly well. There will once again be a strong public capital...