Results 10,601-10,620 of 27,945 for speaker:Michael McGrath

Written Answers — Department of Finance: Financial Services and Pensions Ombudsman Remit (19 Jun 2018)

Michael McGrath: 144. To ask the Minister for Finance the position in relation to people submitting complaints to their financial institution or to the Financial Services and Pensions Ombudsman in relation to alleged mis-selling of payment protection insurance policies; the position in relation to the statute of limitations; if people can now make a complaint if they fell outside the scope of the Central Bank...

Written Answers — Department of Finance: Stability and Growth Pact (19 Jun 2018)

Michael McGrath: 153. To ask the Minister for Finance the restrictions on expenditure under the European fiscal rules once a member state is in the preventive arm of the fiscal rules, has met its medium term objective and has reached its target for debt to GDP; and if he will make a statement on the matter. [26619/18]

Written Answers — Department of Finance: Government Bonds (19 Jun 2018)

Michael McGrath: 154. To ask the Minister for Finance the amount of the €57.6 billion of Government bonds to be refinanced over the next five years held by the Central Bank as part of the ECB's asset purchase programme; the amount of these bonds held by other eurozone central banks as part of the programme; the amount of these bonds held directly by the European Central Bank as part of the programme;...

Written Answers — Department of Finance: Banking Sector Regulation (19 Jun 2018)

Michael McGrath: 161. To ask the Minister for Finance the costs incurred to date with regard to the Central Bank inquiry pursuant to Part IIIC of the Central Bank Act 1942 in relation to a former building society (details supplied) and certain persons in its management; the cost of Central Bank staff involved in the inquiry; the estimated final cost of the inquiry; if these costs can be recouped; the date the...

Written Answers — Department of Justice and Equality: Garda Recruitment (19 Jun 2018)

Michael McGrath: 232. To ask the Tánaiste and Minister for Justice and Equality if new recruits in relation to Garda recruitment are still being drawn from those that applied in 2016; when persons that applied in 2017 and that have completed all stages in the process will be contacted with a formal offer of employment; and if he will make a statement on the matter. [26250/18]

Written Answers — Department of Children and Youth Affairs: Child Care Services Provision (19 Jun 2018)

Michael McGrath: 518. To ask the Minister for Children and Youth Affairs if she will address a matter raised in correspondence (details supplied) regarding the ECCE year. [26613/18]

Written Answers — Department of Housing, Planning, and Local Government: Home Loan Scheme (19 Jun 2018)

Michael McGrath: 575. To ask the Minister for Housing, Planning, and Local Government further to Parliamentary Question No. 1046 of 20 March 2018, if a separated person who is remaining in the family home can potentially qualify for a loan under the Rebuilding Ireland home loan scheme to refinance their mortgage to give effect to the removal of their former spouse from the mortgage; and if he will make a...

Written Answers — Department of Housing, Planning, and Local Government: Home Loan Scheme (19 Jun 2018)

Michael McGrath: 576. To ask the Minister for Housing, Planning, and Local Government the number of applications to date under the Rebuilding Ireland home loan scheme; the number and value of approvals to date; and if he will make a statement on the matter. [26259/18]

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Permanent TSB (14 Jun 2018)

Michael McGrath: I welcome Mr. Masding and his colleagues from the bank. I thank him for completing the questionnaire in advance and for his opening statement. Mr. Masding has set out the bank's position on the tracker mortgage examination. From the bank's point of view, are there no further outstanding issues? The bank has concluded considering individual cases and made the offer of redress and...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Permanent TSB (14 Jun 2018)

Michael McGrath: On the prevailing rate issue, the customers who have been informed they are entitled to a tracker rate of the ECB rate plus 3.25%, for example, is it Mr. Masding's understanding that the Central Bank has signed off on the bank's interpretation of that issue?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Permanent TSB (14 Jun 2018)

Michael McGrath: To date the bank has not been informed that the Central Bank has a different view, different interpretation or any difficulty with Permanent TSB's approach to that issue.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Permanent TSB (14 Jun 2018)

Michael McGrath: On a related issue, I understand that some customers were offered a tracker mortgage with a 0.2 percentage point discount for year one. The issue is the rate from which that discount is made and the rate to which they reverted following the period of the discount. Is that issue concluded from the bank's point of view? Those customers had a legitimate expectation of remaining on a tracker...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Permanent TSB (14 Jun 2018)

Michael McGrath: There were just short of 2,000 impacted accounts. I wish to recap on the overall cost to the bank. There was €58 million in redress and compensation. Has that amount been paid out to date?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Permanent TSB (14 Jun 2018)

Michael McGrath: Has the bank made further provision in the accounts for other costs?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Permanent TSB (14 Jun 2018)

Michael McGrath: Is that in the €58 million or is it separate?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Permanent TSB (14 Jun 2018)

Michael McGrath: How much of the €145 million has been incurred at this stage?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Permanent TSB (14 Jun 2018)

Michael McGrath: Is the bank now subject to a formal enforcement investigation by the Central Bank?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Permanent TSB (14 Jun 2018)

Michael McGrath: So that is ongoing?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Permanent TSB (14 Jun 2018)

Michael McGrath: When Mr. Masding appeared before the committee last September, I asked about the bank's approach to the managed variable rate, MVR, which was a welcome initiative when it was unveiled in 2015. I highlighted that the bank only allows customers to sign up to this rate once. Even as their loan-to-value ratio improves over time with reductions in their mortgage and increases in the value of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector: Permanent TSB (14 Jun 2018)

Michael McGrath: To be clear, are the fixed rates offerings for existing customers under review?