Results 10,481-10,500 of 27,945 for speaker:Michael McGrath

Written Answers — Department of Finance: Mortgage Lending (26 Jun 2018)

Michael McGrath: 120. To ask the Minister for Finance the requirements on lenders to provide information to consumers when they are offering incentives such as cashback offers in the context of the new requirements introduced by the Central Bank to provide additional transparency and facilitate mortgage switching; and if he will make a statement on the matter. [27839/18]

Written Answers — Department of Finance: Mortgage Lending (26 Jun 2018)

Michael McGrath: 121. To ask the Minister for Finance the details of the Central Bank's findings when it reviewed advertisements of incentives by lenders in the context of the new requirements introduced by the Central Bank to provide additional transparency and facilitate mortgage switching; the nature of the breaches it identified; the breakdown and details of the 75% of advertisements that it required to...

Written Answers — Department of Finance: Financial Services Regulation (26 Jun 2018)

Michael McGrath: 126. To ask the Minister for Finance if there is a specific State regulator for financial auditors here; the way in which the regime compares to that in the United Kingdom; the way in which guarantees are made that auditing standards are being adhered to; and if he will make a statement on the matter. [27985/18]

Written Answers — Department of Health: Disabilities Assessments (26 Jun 2018)

Michael McGrath: 299. To ask the Minister for Health when a child (details supplied) in County Cork will have an ASD assessment; and if he will make a statement on the matter. [27384/18]

Written Answers — Department of Health: Autism Incidence (26 Jun 2018)

Michael McGrath: 315. To ask the Minister for Health the number and percentage of completed assessments of need in Cork city and county that resulted in a confirmed ASD diagnosis in each of the years 2014 to 2017; and if he will make a statement on the matter. [27467/18]

Written Answers — Department of Children and Youth Affairs: Adoption Legislation (26 Jun 2018)

Michael McGrath: 513. To ask the Minister for Children and Youth Affairs to outline the position in relation to the Adoption (Information and Tracing) Bill 2016; the way in which she plans to assist those affected by an incorrect birth registration under the terms of the Bill; and if she will make a statement on the matter. [27861/18]

Written Answers — Department of Employment Affairs and Social Protection: Registration of Births (26 Jun 2018)

Michael McGrath: 548. To ask the Minister for Employment Affairs and Social Protection if she will address a matter raised in correspondence (details supplied); and if she will make a statement on the matter. [27679/18]

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (21 Jun 2018)

Michael McGrath: I would like to welcome Mr. Byrne and his colleagues this morning. I thank them for their opening statement and questionnaire in advance. I will start with the sale of the loan portfolio to Everyday Finance DAC. It is composed of 800 customer connections involving 3,700 assets. My understanding is that 800 customer connections could involve a multiple of that number in actual distinct...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (21 Jun 2018)

Michael McGrath: What does Mr. O'Keeffe mean by that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (21 Jun 2018)

Michael McGrath: Very well.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (21 Jun 2018)

Michael McGrath: I am interested in the amount of going concern businesses that are part of the process that have connections or assets which are being sold on. Has Mr. O'Keeffe any estimate of the number of actual businesses whose loans are being sold?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (21 Jun 2018)

Michael McGrath: The transfer date is 27 July 2018. Customers have been formally notified of that in writing since about the third week of May. Is it too late now for any further restructuring? Is the book closed?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (21 Jun 2018)

Michael McGrath: Just to be clear, AIB cannot engage or enter into any new restructuring agreements in respect of loans that are being sold.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (21 Jun 2018)

Michael McGrath: They are actually being transferred on 27 July. Related to that, AIB wrote to customers who have an overdraft to notify them that it would be removed from 27 July because their loans are being transferred completely. AIB informed them in writing that the letter they received constituted formal demand for repayment of the debit balance, if any, and that any outstanding debt on the account is...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (21 Jun 2018)

Michael McGrath: Mr. O'Keeffe is saying that if a customer has an overdraft limit of, say, €50,000, and their current balance is a debit of €10,000, until 27 July they can draw down the balance to carry an overdraft of €50,000 over into their relationship with Everyday Finance DAC. However, how that new loan owner regards that overdraft is entirely its own affair. Is that what he is saying?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (21 Jun 2018)

Michael McGrath: To stay with that example, if a customer had a balance of €50,000 overdrawn which was at their limit on the transfer date and Everyday Finance DAC is not in the business of providing overdrafts, it will not recognise that as an overdraft any longer. It becomes a loan.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (21 Jun 2018)

Michael McGrath: This could have implications for the business, but Mr. O'Keeffe is saying but they are on their own at that point. It is a matter between them and the new-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (21 Jun 2018)

Michael McGrath: I understand but them being at the limit of their overdraft with AIB does not trigger any additional enforcement action from AIB's point of view. However, a €50,000 overdraft carried over to Everyday Finance DAC, which the latter regards as a loan and calls in, creates a completely different dynamic. That is fine, I just wanted that clarity. I refer now to the tracker mortgage...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (21 Jun 2018)

Michael McGrath: By Mr. Byrne's understanding of the position of the Central Bank, are there no outstanding matters for clarification or engagement with the Central Bank on that matter?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Allied Irish Banks (21 Jun 2018)

Michael McGrath: I notice that there have been 333 appeals in that process and more than half have been either upheld or partly upheld. That is quite a significant turnaround. Have any prevailing rate customers been included in those appeals and gone through the system?