Results 10,341-10,360 of 27,945 for speaker:Michael McGrath

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Consumer Protection (Regulation of Credit Servicing Firms) (Amendment) Bill 2018: Committee Stage (12 Jul 2018)

Michael McGrath: The Financial Services and Pensions Ombudsman can deal with any unresolved complaints against regulated financial service providers. Loan owners will be regulated, so this provision is not required.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Consumer Protection (Regulation of Credit Servicing Firms) (Amendment) Bill 2018: Committee Stage (12 Jul 2018)

Michael McGrath: This goes back to the correspondence with the Central Bank. The question is whether the intermediary, if there is one, continues to be in place, and whether that intermediary should also be regulated as a credit servicing firm. We should ask the Central Bank for its views on that matter, because they will feed into this issue.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Consumer Protection (Regulation of Credit Servicing Firms) (Amendment) Bill 2018: Committee Stage (12 Jul 2018)

Michael McGrath: The view of the Department and the Central Bank is that primary legislation is not the place to provide for detailed statistics. I am happy to propose the deletion of section 12 as a result.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Consumer Protection (Regulation of Credit Servicing Firms) (Amendment) Bill 2018: Committee Stage (12 Jul 2018)

Michael McGrath: I move amendment No. 3:In page 8, after line 41, to insert the following: “Short title, collective citation and commencement 13. (1) This Act may be cited as the Consumer Protection (Regulation of Credit Servicing Firms) Act 2018.(2) The Central Bank Acts 1942 to 2015 and this Act may be cited together as the Central Bank Acts 1942 to 2018. (3) This Act shall come into operation on...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Consumer Protection (Regulation of Credit Servicing Firms) (Amendment) Bill 2018: Committee Stage (12 Jul 2018)

Michael McGrath: There is no intention to delay its commencement.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Consumer Protection (Regulation of Credit Servicing Firms) (Amendment) Bill 2018: Committee Stage (12 Jul 2018)

Michael McGrath: It is a standard provision.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Consumer Protection (Regulation of Credit Servicing Firms) (Amendment) Bill 2018: Committee Stage (12 Jul 2018)

Michael McGrath: The Minister of State is not a Minister today.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Consumer Protection (Regulation of Credit Servicing Firms) (Amendment) Bill 2018: Committee Stage (12 Jul 2018)

Michael McGrath: I move amendment No. 4:In page 3, to delete lines 7 to 9 and substitute the following: "An Act to provide for the regulation of credit servicing firms and for that purpose to amend the Central Bank Act 1997.". The Long Title is being amended to reflect the amendments made to the Bill. The Bill will take effect through amending the Central Bank Act 1997.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (12 Jul 2018)

Michael McGrath: I thank the Chairman, colleagues, the Minister of State and the officials for their assistance on Committee Stage. Engagement on this matter must continue, including that between the Central Bank and the Department. The objective should be to reach an agreed position. I am anxious that we quickly move to Report Stage in the autumn in order to remove any uncertainty and get this done as...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Select Committee (12 Jul 2018)

Michael McGrath: I fully concur with the Chairman's comments on the funds and credit servicing agents. They should make themselves accountable by appearing before the committee. We should examine the available options to ensure such attendance.

Written Answers — Department of Finance: Public Relations Contracts Data (12 Jul 2018)

Michael McGrath: 102. To ask the Minister for Finance the amount paid by the National Treasury Management Agency and the National Asset Management Agency for public relations in 2017; the amount paid to each firm; the rates that apply; when the main public relations contracts for the two agencies are up for renewal; and the firms that operate the contracts concerned. [31742/18]

Written Answers — Department of Finance: NAMA Expenditure (12 Jul 2018)

Michael McGrath: 103. To ask the Minister for Finance the firms and persons who received over €20,000 in respect of work for the National Asset Management Agency in 2017 in tabular form. [31743/18]

Written Answers — Department of Finance: National Treasury Management Agency Expenditure (12 Jul 2018)

Michael McGrath: 104. To ask the Minister for Finance the firms and persons who received over €20,000 in respect of work for the National Treasury Management Agency in 2017 in tabular form. [31744/18]

Written Answers — Department of Justice and Equality: Personal Insolvency Arrangements (12 Jul 2018)

Michael McGrath: 236. To ask the Tánaiste and Minister for Justice and Equality if the income a debtor has from providing foster care to children is taken into account in the assessment of means under the various insolvency arrangements; and if he will make a statement on the matter. [31791/18]

Written Answers — Department of Agriculture, Food and the Marine: TB Eradication Scheme (12 Jul 2018)

Michael McGrath: 534. To ask the Minister for Agriculture, Food and the Marine the reason a farmer (details supplied) in County Tipperary has been subject to a number of TB herd tests from 2016; the reason restrictions on their farm remain in place despite passing the herd tests; and if he will make a statement on the matter. [31649/18]

Committee on Budgetary Oversight: Summer Economic Statement: Discussion (11 Jul 2018)

Michael McGrath: I welcome the Minister and his officials. I thank him for abbreviating the opening statement. I will pick up on one point he mentioned, which he also mentioned in answer to oral questions. On forecasting, in the budget the Minister will project over a five-year period, to 2023. Is that right? There will be fiscal and economic projections which will encompass the full suite of...

Committee on Budgetary Oversight: Summer Economic Statement: Discussion (11 Jul 2018)

Michael McGrath: I thank the Minister.

Committee on Budgetary Oversight: Summer Economic Statement: Discussion (11 Jul 2018)

Michael McGrath: I will be brief. If it can be quick-fire, over and back, I will be happy to deal with it in that way. In terms of the fiscal stance next year, the Minister set out in his opening statement that if he had made the choice to spend the extra €900 million within the expenditure benchmark, as well as the figure of €500 million, the headline deficit would be 0.6% and the...

Committee on Budgetary Oversight: Summer Economic Statement: Discussion (11 Jul 2018)

Michael McGrath: Why? Is it because we are not reducing towards the MTO?

Committee on Budgetary Oversight: Summer Economic Statement: Discussion (11 Jul 2018)

Michael McGrath: With regard to the MTO in the current year, the estimate is 0.9%. That is due to the spike in GDP in 2017 and the figure of 7.8% for contract manufacturing-----