Results 9,741-9,760 of 27,945 for speaker:Michael McGrath

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

Michael McGrath: Can the investor seek a greater return or higher income stream from the portfolio?

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

Michael McGrath: Just to be clear, is Mr. Ryan giving a reassurance that Pepper will be making all of the decisions about individual loans and that will be done without any influence from the investor?

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

Michael McGrath: Okay. The concern I have is that in reality and in practice when this arrangement is up and running, the investor will be pulling the strings and, in effect, calling the shots behind the scenes.

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

Michael McGrath: Just to be clear and be fair, the terms of the split mortgage agreements that I have read that were entered into by Permanent TSB with customers give an exit clause to the loan owner at any point. One does not have to wait for the review. What it says is that for any reason that the bank, or now Pepper, thinks fit, it can terminate the split mortgage. It does not even have to wait for a...

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 giving an assurance that he will not terminate split mortgage agreements unilaterally?

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

Michael McGrath: Does Pepper offer the full suite of forbearance measures set out in the code of conduct on mortgage arrears? Are there any Pepper does not offer?

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

Michael McGrath: Does that include the arrears capitalisation, term extension, split mortgages? Does it include the full suite?

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

Michael McGrath: This is my final question. To be fair to Mr. Masding, I did not give him a chance to respond to what I said at the beginning. Does he wish to respond and to confirm if the Minister for Finance, as the principal shareholder, has been formally consulted, as provided for under the relationship framework? Can he confirm when there was contact with the Department of Finance and what the...

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

Michael McGrath: Could Mr. Masding confirm whether the consultation with the Minister for Finance under the relationship framework took place and when it happened? When was the Minister first informed of the transaction and what was the response received by the Minister?

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

Michael McGrath: I thank Mr. Masding.

Written Answers — Department of Finance: VAT Rebates (6 Dec 2018)

Michael McGrath: 82. To ask the Minister for Finance the work that has been carried out to date on the scheme for VAT compensation for charities; when the scheme will commence; the persons or bodies that will be eligible to claim a refund of VAT; the amount available; the way in which it will operate; and if he will make a statement on the matter. [51436/18]

Written Answers — Department of Finance: Home Building Finance Ireland Establishment (6 Dec 2018)

Michael McGrath: 83. To ask the Minister for Finance when HBFI will be fully established; the number of employees it plans to hire; the number of those who will be seconded from NAMA; the number who will be fully hired from NAMA; when he expects to have all employees in place and operational; and if he will make a statement on the matter. [51473/18]

Written Answers — Department of Finance: Home Building Finance Ireland Establishment (6 Dec 2018)

Michael McGrath: 84. To ask the Minister for Finance when he expects the €750 million to be drawn down by HBFI; when he expects HBFI to be in a position to lend money; and if he will make a statement on the matter. [51474/18]

Written Answers — Department of Finance: Home Building Finance Ireland Establishment (6 Dec 2018)

Michael McGrath: 85. To ask the Minister for Finance the average loan to cost that the HBFI plans to provide to developers; the average interest rate for same; and if he will make a statement on the matter. [51475/18]

Written Answers — Department of Finance: Tax Treaties (6 Dec 2018)

Michael McGrath: 86. To ask the Minister for Finance if there will be a cost to the Exchequer as a result of the deal struck with Malta to end the single malt tax strategy; if so, the amount on a full year basis; and if he will make a statement on the matter. [51476/18]

Written Answers — Department of Finance: Mortgage Lending (6 Dec 2018)

Michael McGrath: 87. To ask the Minister for Finance if the exemptions on the loan to income and loan to value mortgage rules are based on approvals or drawdowns; if there are restrictions on exemptions based on the overall loan book; his views on the alleged practice of banks providing incentives to customers in order for them to delay drawdown of their mortgage until 2019; the views of the Central Bank on...

Written Answers — Department of Finance: Brexit Issues (6 Dec 2018)

Michael McGrath: 88. To ask the Minister for Finance if there are risks to Ireland both macro-prudentially andr otherwise from international banks moving significant portions of assets to Ireland in anticipation of Brexit; and if he will make a statement on the matter. [51478/18]

Written Answers — Department of Finance: Brexit Issues (6 Dec 2018)

Michael McGrath: 89. To ask the Minister for Finance if there are tax implications in international banks moving significant portions of assets here in anticipation of Brexit; if so, the anticipated cost and-or benefit; and if he will make a statement on the matter. [51479/18]

Written Answers — Department of Finance: Brexit Issues (6 Dec 2018)

Michael McGrath: 90. To ask the Minister for Finance if the moving of assets here by international banks in anticipation of Brexit will have a substantial impact on Ireland’s gross domestic product, gross national product and GNI star figures; if he will quantify these impacts; and if he will make a statement on the matter. [51480/18]

Written Answers — Department of Health: Treatment Abroad Scheme (6 Dec 2018)

Michael McGrath: 184. To ask the Minister for Health the number and value for claims paid by the HSE in respect of persons by county in each of the years since 2014 under the cross border directive; and if he will make a statement on the matter. [51434/18]