Results 10,841-10,860 of 27,945 for speaker:Michael McGrath

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)

Michael McGrath: Not at all?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)

Michael McGrath: I want to be specific here. Mr. Hall is an advocate for borrowers and has a lot of direct contact with people. He has contact with these funds or, presumably, it is through the intermediate credit servicing firm. Has he had cases where new agreements have been entered into involving term extension, split mortgage, arrears capitalisation or interest only by a fund owning a loan and the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)

Michael McGrath: How many of these funds has Mr. Hall dealt with?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)

Michael McGrath: Mr. Hall did. Tanager said in writing that it does not do arrears capitalisation, which is the plain vanilla of restructures.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)

Michael McGrath: I will bring the others in. Is it Mr. Hall's view that if someone's loan is sold to a vulture fund, they are less likely to get a loan restructure?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)

Michael McGrath: Have our other two witnesses anything to add? Is that their experience? Is that true?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)

Michael McGrath: My final point, and it is not a question, is that our problem is that we are flying blind. We get no engagement from these funds. There is no accountability. We cannot get the type of data for which we have been looking. When people will not come before Parliament and will not respond in a positive way to correspondence from an Oireachtas committee that looks for them to appear before it...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)

Michael McGrath: Could Dr. O'Hagan-Luff send a note to the committee on the issue of securitisation to explain the different models and their impact on the borrower, the bank and the entity that is now taking ownership?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)

Michael McGrath: It would be very helpful because this is going to be an emerging issue.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)

Michael McGrath: He did not tell us.

Written Answers — Department of Public Expenditure and Reform: Public Expenditure Data (17 May 2018)

Michael McGrath: 40. To ask the Minister for Public Expenditure and Reform the amount of the additional €2.6 billion of expenditure commitments for 2019 he outlined to the Select Committee on Budgetary Oversight on 18 April 2018 that will reduce the estimate for net fiscal space of €3.2 billion for 2019; and if he will make a statement on the matter. [21620/18]

Written Answers — Department of Finance: Revenue Commissioners Resources (17 May 2018)

Michael McGrath: 64. To ask the Minister for Finance if extra resources have been provided to the Revenue Commissioners for the upcoming change in PAYE reporting in 2019; the amount that has been spent and will be spent on upgrading the Revenue Commissioners' systems including changes to the Revenue Online service; if extra employees will be hired for these changes; and if he will make a statement on the...

Written Answers — Department of Finance: Revenue Commissioners Resources (17 May 2018)

Michael McGrath: 72. To ask the Minister for Finance the status of the Revenue Commissioners PAYE modernisation programme; the work being done to ensure that employers are fully prepared for the change; the benefits the new programme will bring from a Revenue Commissioners perspective; the impact on employees; and if he will make a statement on the matter. [21885/18]

Written Answers — Department of Finance: Legislative Programme (17 May 2018)

Michael McGrath: 65. To ask the Minister for Finance when legislation on limited partnerships will be introduced; the timelines for the enactment of such legislation; and if he will make a statement on the matter. [21876/18]

Written Answers — Department of Finance: Consumer Protection (17 May 2018)

Michael McGrath: 66. To ask the Minister for Finance if small and medium sized enterprises are covered by the Central Bank's consumer protection code; and if he will make a statement on the matter. [21877/18]

Written Answers — Department of Finance: Motor Insurance Costs (17 May 2018)

Michael McGrath: 67. To ask the Minister for Finance when the next progress update will be published on the report into the cost of motor insurance; and if he will make a statement on the matter. [21878/18]

Written Answers — Department of Finance: Motor Insurance Costs (17 May 2018)

Michael McGrath: 68. To ask the Minister for Finance if recommendation 8 of the report on the cost of motor insurance has been completed; his views on the assessment of an organisation (details supplied) that the recommendation is covered by the Central Bank's consumer protection code; and if he will make a statement on the matter. [21879/18]

Written Answers — Department of Finance: Motor Insurance Data (17 May 2018)

Michael McGrath: 69. To ask the Minister for Finance the number of motor insurance policies entered into under the declined cases agreement in each month in 2017 and to date in 2018; and if he will make a statement on the matter. [21880/18]

Written Answers — Department of Finance: Tracker Mortgage Examination Expenditure (17 May 2018)

Michael McGrath: 70. To ask the Minister for Finance the costs incurred to date by the Central Bank in the tracker mortgage examination by the types of professional fees incurred and staff costs; the costs that will be reimbursed by bank in tabular from; and if he will make a statement on the matter. [21883/18]

Written Answers — Department of Finance: Insurance Industry Regulation (17 May 2018)

Michael McGrath: 71. To ask the Minister for Finance if he is satisfied that an insurance firm not in business here can enter the Irish market without barrier to entry, have access to the same databases and information as existing market players and therefore compete on a level playing field; and if he will make a statement on the matter. [21884/18]