Results 9,221-9,240 of 27,945 for speaker:Michael McGrath

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: A Future Framework for Accountability in the Banking Sector: Discussion (12 Mar 2019)

Michael McGrath: I hear what Mr. Crowley is saying and understand why he is giving that response, but when it comes down to brass tacks and the reality of being a member of the executive leadership team within one of the main banks or on the board, a person's sole objective is to secure the best performance of the bank in maximising returns and profits. I am not sure there is anyone who is putting up his or...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: A Future Framework for Accountability in the Banking Sector: Discussion (12 Mar 2019)

Michael McGrath: Does Mr. Crowley believe consumers should be represented at the highest levels within banks?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: A Future Framework for Accountability in the Banking Sector: Discussion (12 Mar 2019)

Michael McGrath: I have a final question for Mr. Crowley about SEAR which is another acronym for us. It stands for senior executive accountability regime. Mr. Crowley has made the point that we need to ensure it will not be introduced in a manner that will hinders the attraction of talent to the sector, or mobility and diversity within banks. I want to tease out this point while we are talking about the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: A Future Framework for Accountability in the Banking Sector: Discussion (12 Mar 2019)

Michael McGrath: It will apply across the board to all regulated entities.

Written Answers — Department of Finance: Commencement of Legislation (7 Mar 2019)

Michael McGrath: 80. To ask the Minister for Finance if all parts of the Central Bank (National Claims Information Database) Act 2018 have been commenced; if not, the sections that have not been commenced; when they will be commenced; and if he will make a statement on the matter. [11410/19]

Written Answers — Department of Finance: Financial Services Regulation (7 Mar 2019)

Michael McGrath: 81. To ask the Minister for Finance the number of debt management firms regulated; the number of complaints made against debt management firms to the Financial Services and Pensions Ombudsman; the number of those complaints that were decided against debt management firms; the number of enforcement investigations undertaken by the Central Bank on debt management firms in each of the past five...

Written Answers — Department of Finance: Financial Services Regulation (7 Mar 2019)

Michael McGrath: 82. To ask the Minister for Finance the number of debt management firms that have been found by the Central Bank to be operating without a licence to do so; the implications for those companies operating without a licence; and if he will make a statement on the matter. [11456/19]

Written Answers — Department of Justice and Equality: Insurance Fraud (7 Mar 2019)

Michael McGrath: 113. To ask the Tánaiste and Minister for Justice and Equality the number of formal complaints made to An Garda Síochána regarding allegations of insurance fraud in each year since 2012 to date; the number of instances in the same period in which charges have been brought in relation to insurance fraud; and if he will make a statement on the matter. [11457/19]

Written Answers — Department of Jobs, Enterprise and Innovation: Brexit Supports (7 Mar 2019)

Michael McGrath: 115. To ask the Minister for Jobs, Enterprise and Innovation the areas the €180 million extra funding announced by her for the Brexit emergency fund will be sourced from; if it will come from the ISIF; when it will be made available for lending; and if she will make a statement on the matter. [11452/19]

Written Answers — Department of Jobs, Enterprise and Innovation: Brexit Supports (7 Mar 2019)

Michael McGrath: 129. To ask the Minister for Jobs, Enterprise and Innovation the amount lent out to businesses of the €20 million dedicated to the Brexit emergency fund; the number of companies that have availed of the scheme; the number of companies in the application process awaiting final decision; the number that had their application rejected; and if she will make a statement on the matter. [11453/19]

Written Answers — Department of Jobs, Enterprise and Innovation: Brexit Supports (7 Mar 2019)

Michael McGrath: 130. To ask the Minister for Jobs, Enterprise and Innovation the companies awaiting final decision on their application for the Brexit emergency fund by the amount of time those applications have been open; and if she will make a statement on the matter. [11454/19]

Written Answers — Department of Jobs, Enterprise and Innovation: Personal Injuries Assessment Board (7 Mar 2019)

Michael McGrath: 122. To ask the Minister for Jobs, Enterprise and Innovation the amount sitting with the Personal Injuries Assessment Board; the purpose of the board holding those funds; if an assessment has been undertaken to ascertain if there is excess funds in the board and the possible options to use the funds; and if she will make a statement on the matter. [11409/19]

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: National Children's Hospital: Discussion with Department of Public Expenditure and Reform (7 Mar 2019)

Michael McGrath: I welcome Mr. Watt and his officials. At this stage, has Mr. Watt got to the bottom of what went wrong in the children's hospital project? There is a confirmed overrun of €450 million and there may be a lot more yet to come. People want to know what went wrong. Can Mr. Watt give a clear answer?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: National Children's Hospital: Discussion with Department of Public Expenditure and Reform (7 Mar 2019)

Michael McGrath: Is Mr. Watt saying that the biggest problem was the fact that this was a two-stage process? Alternatively, was it the fact that the design brief and the detailed specification were not nailed down before the project was sanctioned?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: National Children's Hospital: Discussion with Department of Public Expenditure and Reform (7 Mar 2019)

Michael McGrath: Is Mr. Watt saying in essence that the Government signed off on a figure of €983 million in April 2017 and that figure did not have a solid foundation? In other words, it was based on quicksand. It was a very rough estimate because the detailed design was not done.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: National Children's Hospital: Discussion with Department of Public Expenditure and Reform (7 Mar 2019)

Michael McGrath: The issue is that the outline design did not transpire to be close to the final design and the bill of quantities was wildly inaccurate.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: National Children's Hospital: Discussion with Department of Public Expenditure and Reform (7 Mar 2019)

Michael McGrath: That was the main issue.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: National Children's Hospital: Discussion with Department of Public Expenditure and Reform (7 Mar 2019)

Michael McGrath: What is Mr. Watt's sense of what the final bill will be?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: National Children's Hospital: Discussion with Department of Public Expenditure and Reform (7 Mar 2019)

Michael McGrath: That figure amounts to €1.433 billion for construction. Several issues have been identified that lead to a potential for that to rise further. One of these is construction inflation. The contractor must be compensated for any inflation above 4%, as per the average of three published tender price indices, which may occur after July 2019. Has the Department worked out what that could...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: National Children's Hospital: Discussion with Department of Public Expenditure and Reform (7 Mar 2019)

Michael McGrath: On the question of what monetary sum each 1% increase means-----