Results 661-680 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Tracker Mortgages (30 Mar 2017)

Michael Noonan: The Central Bank has advised that it requires lenders to complete the Examination in four phases as follows: - Phase 1: Development and Submission of Detailed Plan; - Phase 2: Information Gathering/Review/Report Submission; - Phase 3: Calculation of Redress and Compensation (where relevant); and - Phase 4: Implementation of Redress Programme (where relevant). Phase 1 of the Examination...

Written Answers — Department of Finance: Credit Union Regulation (30 Mar 2017)

Michael Noonan: I have been informed by the Central Bank that it engages with credit unions wishing to expand the range of products and services they provide to their members but that it is clear that the ownership of business model development in credit unions rests with individual credit unions themselves.  This engagement is framed in the context of the Credit Union...

Written Answers — Department of Finance: Credit Union Regulation (30 Mar 2017)

Michael Noonan: I propose to take Questions Nos. 143 and 144 together. My role as Minister for Finance is to ensure that the legal framework for credit unions is appropriate for the effective operation and supervision of credit unions. The Registrar of Credit Unions at the Central Bank is the independent regulator for credit unions.  Within her independent regulatory discretion, the Registrar acts...

Written Answers — Department of Finance: Banking Sector Regulation (30 Mar 2017)

Michael Noonan: As the Deputy is aware, notwithstanding the State's various shareholdings in the banking sector, the strategic and commercial direction taken by each bank is solely the responsibility of the management team and board of that institution. I have no role in their strategic decision making or indeed day to day operations. The average Credit Union sector loan to asset ratio is currently...

Written Answers — Department of Finance: Credit Union Regulation (30 Mar 2017)

Michael Noonan: I propose to take Questions Nos. 146 and 148 together. My role as Minister for Finance is to ensure that the legal framework for credit unions is appropriate for the effective operation and supervision of credit unions. The Registrar of Credit Unions at the Central Bank is the independent regulator for credit unions.  Within her independent regulatory discretion, the Registrar acts...

Written Answers — Department of Finance: Central Bank of Ireland Supervision (30 Mar 2017)

Michael Noonan: Under section 18E (1)(b) of the Central Bank Act, 1942, the Central Bank shall establish an advisory group to advise the Central Bank, where the Bank requests, on the performance of its functions and the exercise of its powers in relation to credit unions.  I have been advised by the Central Bank that given the establishment of the Commission on Credit Unions (May 2011-March 2012),...

Written Answers — Department of Finance: Credit Union Regulation (30 Mar 2017)

Michael Noonan: My role as Minister for Finance is to ensure that the legal framework for credit unions is appropriate for the effective operation and supervision of credit unions. The Registrar of Credit Unions at the Central Bank is the independent regulator for credit unions.  Within her independent regulatory discretion, the Registrar acts to support the prudential soundness of individual...

Written Answers — Department of Finance: Credit Union Services (30 Mar 2017)

Michael Noonan: The role of the Consumer Advisory Group ('CAG') is to advise the Central Bank on the performance of its functions in relation to protecting consumers. I understand from the Central Bank that the CAG has indicated that the matter raised by Deputy McGrath has not been discussed by the group.

Report of the Committee of Public Accounts re National Asset Management Agency’s sale of Project Eagle: Motion (29 Mar 2017)

Michael Noonan: The man beside the Deputy, Deputy Michael McGrath, knew about the Cerberus meeting for 12 months before the Deputy asked me to come in. The Comptroller and Auditor General also knew about it for 12 months.

Report of the Committee of Public Accounts re National Asset Management Agency’s sale of Project Eagle: Motion (29 Mar 2017)

Michael Noonan: It is up to Deputy Fleming to find out about these things. It was all in the public domain.

Report of the Committee of Public Accounts re National Asset Management Agency’s sale of Project Eagle: Motion (29 Mar 2017)

Michael Noonan: It was all in the public domain. You are a disgrace.

Report of the Committee of Public Accounts re National Asset Management Agency’s sale of Project Eagle: Motion (29 Mar 2017)

Michael Noonan: You should resign as Chairman of the Committee of Public Accounts.

Report of the Committee of Public Accounts re National Asset Management Agency’s sale of Project Eagle: Motion (29 Mar 2017)

Michael Noonan: You are a disgrace.

Report of the Committee of Public Accounts re National Asset Management Agency’s sale of Project Eagle: Motion (29 Mar 2017)

Michael Noonan: What you did in RTE was a disgrace.

Report of the Committee of Public Accounts re National Asset Management Agency’s sale of Project Eagle: Motion (29 Mar 2017)

Michael Noonan: It is the truth. I know you do not like the truth in your party.

Report of the Committee of Public Accounts re National Asset Management Agency’s sale of Project Eagle: Motion (29 Mar 2017)

Michael Noonan: You make a profession out of not telling the truth.

Report of the Committee of Public Accounts re National Asset Management Agency’s sale of Project Eagle: Motion (29 Mar 2017)

Michael Noonan: I am entitled to tell the truth.

Report of the Committee of Public Accounts re National Asset Management Agency’s sale of Project Eagle: Motion (29 Mar 2017)

Michael Noonan: I am entitled to tell the truth.

Report of the Committee of Public Accounts re National Asset Management Agency’s sale of Project Eagle: Motion (29 Mar 2017)

Michael Noonan: I was referring to the Deputy's party, not to him personally.

Report of the Committee of Public Accounts re National Asset Management Agency’s sale of Project Eagle: Motion (29 Mar 2017)

Michael Noonan: My officials and I have no concerns about the meetings with Cerberus. The meetings were publicly disclosed. The Comptroller and Auditor General raised no issue with the meetings. The Committee of Public Accounts raised no questions about the meetings during our appearances, yet criticism of these meetings was conjured up by the Committee of Public Accounts at the last minute. That is a...