Results 9,721-9,740 of 27,945 for speaker:Michael McGrath

Written Answers — Department of Finance: Insurance Industry (11 Dec 2018)

Michael McGrath: 144. To ask the Minister for Finance the position for persons that had latent defects insurance and structural guarantee insurance with a company (details supplied); if his attention has been drawn to significant consequences for these persons; if they will be transferred to another company in view of the collapse of the company; and if he will make a statement on the matter. [51807/18]

Written Answers — Department of Finance: Tax Avoidance (11 Dec 2018)

Michael McGrath: 145. To ask the Minister for Finance his plans to review the changes made in the Finance Act 2017 to section 135 of the Taxes Consolidation Act 1997; if he is satisfied as to the way in which it is operating; his views on whether it is preventing bona fide commercial transactions from taking place; and if he will make a statement on the matter. [51823/18]

Written Answers — Department of Finance: Company Liquidations (11 Dec 2018)

Michael McGrath: 155. To ask the Minister for Finance the number of outstanding claims here affected by the failure of a company (details supplied); if these claims will be paid out of the liquidation process; if the Danish state contingencies and guarantees apply to Irish claims; when claimants can expect to receive claims; and if he will make a statement on the matter. [52135/18]

Written Answers — Department of Finance: Company Liquidations (11 Dec 2018)

Michael McGrath: 156. To ask the Minister for Finance if an insurance provider has the responsibility to inform customers that they are impacted by the failure of a company (details supplied); and if he will make a statement on the matter. [52136/18]

Written Answers — Department of Finance: Company Liquidations (11 Dec 2018)

Michael McGrath: 157. To ask the Minister for Finance the number of customers impacted by the failure of a company (details supplied); and if he will make a statement on the matter. [52137/18]

Written Answers — Department of Employment Affairs and Social Protection: Invalidity Pension (11 Dec 2018)

Michael McGrath: 535. To ask the Minister for Employment Affairs and Social Protection her plans to allow persons on invalidity pension to work for rehabilitative purposes without the need to transfer across to the partial capacity benefit; and if she will make a statement on the matter. [51874/18]

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

Michael McGrath: I welcome the witnesses today. I put it to Mr. Masding that over the past 24 hours as these letters have landed in letter boxes we have all been contacted by a number of the affected customers. They do not have the opportunity we have but it is important to convey to Mr. Masding that some of them feel very betrayed and very angry. They are worried. They have these feelings because they...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

Michael McGrath: Is Mr. Ryan saying categorically that the actual decisions around the governance of this portfolio and the decisions around the individual loans will be made by Pepper and by nobody else?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

Michael McGrath: What is this committee?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

Michael McGrath: Who is on the committee?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

Michael McGrath: The master servicer is Pepper?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

Michael McGrath: Who else is on the committee?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

Michael McGrath: Is that the main investor?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

Michael McGrath: What will be on the agenda of that committee and what decisions will it be making?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

Michael McGrath: That is the nub of the issue. It is the influence that the investor will have. The investor will sit on the committee, which meets monthly, and Pepper will be on the committee. Mr. Ryan has said the role of the committee is consultative-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

Michael McGrath: -----but it will have full access to information about the performance of the portfolio. Presumably it will review the performance on and ongoing basis. Can it then influence Pepper's management of the portfolio if it wants a higher income stream or if it wants Pepper to be more aggressive? Will the committee have that influence? I am not entirely clear about precisely who is making the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

Michael McGrath: Is the prospectus a published document or is it confidential?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

Michael McGrath: Who are Glenbeigh Securities?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

Michael McGrath: Will that identity remain private and confidential indefinitely?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Sale of Permanent TSB Mortgage Loans: Discussion (6 Dec 2018)

Michael McGrath: Under the agreement with the investor, is Pepper required to deliver a certain level of cashflow, a certain income stream, from the securitisation?