Results 10,881-10,900 of 27,945 for speaker:Michael McGrath

Other Questions: Common Consolidated Corporate Tax Base Proposals (16 May 2018)

Michael McGrath: From a Fianna Fáil perspective, we view both the CCCTB and the digital taxation proposals as a step towards tax harmonisation across the European Union. From our perspective, this is an encroachment into an area of national competence and key national sovereignty. If necessary, the Minister needs to exercise the veto on these proposals. The Minister is doing what we would expect him...

Other Questions: NAMA Operations (16 May 2018)

Michael McGrath: I wish to make two points, the first of which is that there must be accountability in this case, while the second is that we need to know if it has wider application. It was a significant ruling by the Data Protection Commissioner, that a very powerful State agency was in breach of the Data Protection Acts in the non-disclosure of personal information held by the agency on some borrowers....

Other Questions: Personal Contract Plans (16 May 2018)

Michael McGrath: The issue is that there are gaps in regulation, the key one being that the provider of finance does not have to carry out any suitability check or affordability assessment of the product for the consumer. That is the key omission, and it needs to be dealt with. There are examples of where the product is exploited. If one looks this up online, one will see advertisements stating "Leave bad...

Other Questions: Personal Contract Plans (16 May 2018)

Michael McGrath: I thank the Minister. I welcome the fact that he is actively examining this issue. That needs to be done. Keeping the matter under review is not sufficient. The Minister now has an economic letter from the Central Bank and a detailed report from the CCPC with a number of recommendations. The reality is that this product is currently falling between two stools in some respects. Since...

Other Questions: Personal Contract Plans (16 May 2018)

Michael McGrath: 9. To ask the Minister for Finance his views on the contention by the Competition and Consumer Protection Commission that personal contract plans, PCPs, should be covered by the Central Bank’s consumer protection code; and if he will make a statement on the matter. [21453/18]

Other Questions: Personal Contract Plans (16 May 2018)

Michael McGrath: This question relates to personal contract plans, PCPs. They are playing an increasingly important role in the car finance market. The Competition and Consumer Protection Commission published a report into PCPs two months ago. My main question relates to one of the recommendations on the application of the consumer protection code and who is going to take responsibility for that being...

Ceisteanna - Questions - Priority Questions: Budget Targets (16 May 2018)

Michael McGrath: The Minister is saying there is another €400 million.

Ceisteanna - Questions - Priority Questions: Budget Targets (16 May 2018)

Michael McGrath: It is not. The €3.2 billion last year was after demographics.

Ceisteanna - Questions - Priority Questions: Budget Targets (16 May 2018)

Michael McGrath: That is a different debate.

Ceisteanna - Questions - Priority Questions: Budget Targets (16 May 2018)

Michael McGrath: It should not be reducing the €3.2 billion if that is correct.

Ceisteanna - Questions - Priority Questions: Budget Targets (16 May 2018)

Michael McGrath: It would be helpful if the Minister could take us from the €3.2 billion to the €1.8 billion and outline the key elements of that. He clearly has that information.

Ceisteanna - Questions - Priority Questions: Budget Targets (16 May 2018)

Michael McGrath: We know that.

Ceisteanna - Questions - Priority Questions: Budget Targets (16 May 2018)

Michael McGrath: 5. To ask the Minister for Finance if demographics have been included in the calculations for gross fiscal space or net fiscal space; if investment in the rainy day fund is after the calculation of net fiscal space; the final figure for carry-over to 2019 from budget 2018; the precise impact the public service pay deal has on the net fiscal space for 2019; and if he will make a statement on...

Ceisteanna - Questions - Priority Questions: Budget Targets (16 May 2018)

Michael McGrath: My question is in a similar vein to Deputy Doherty's and the Minister has provided some clarity in their exchange on the last question. We should not have to put down priority questions in order to elicit this information. The Minister was before the Budgetary Oversight Committee on 18 April and committed to coming back to the committee with answers to some of those outstanding questions....

Ceisteanna - Questions - Priority Questions: Budget Targets (16 May 2018)

Michael McGrath: One should not need to be Sherlock Holmes to piece together these numbers. These are historic figures and our questions are about what was included and already provided for in the fiscal space last year. The Minister appears to be saying that the amount of money required for demographics has doubled for next year. He says €400 million was already provided for and taken into account...

Ceisteanna - Questions - Priority Questions: Insurance Data (16 May 2018)

Michael McGrath: Progress on insurance reforms has undoubtedly stalled. The latest update report appeared online on Friday evening. There was no press release and no alert. When one examines it, it is hard to avoid the conclusion that the real meat of the recommendations, the key reforms, is being nobbled. They have certainly been stalled, at a minimum. The national claims information database which aims...

Ceisteanna - Questions - Priority Questions: Insurance Data (16 May 2018)

Michael McGrath: I do not doubt the Minister of State's personal commitment or that of his officials. Much work has been done, but it is undeniable that there have been significant delays and that many of the key central reforms to bring about a more competitive insurance industry, greater transparency for policy holders and greater accountability have stalled. I have to call it out when I see it because it...

Ceisteanna - Questions - Priority Questions: Insurance Data (16 May 2018)

Michael McGrath: 3. To ask the Minister for Finance when the national claims information database and the integrated insurance fraud database will be established; and if he will make a statement on the matter. [21455/18]

Ceisteanna - Questions - Priority Questions: Insurance Data (16 May 2018)

Michael McGrath: This question relates to the ongoing work of the cost of insurance working group and the implementation of its recommendations. It seems that there has been a lack of progress recently. Momentum has stalled and I have selected two items, in particular, on which I want the Minister to respond. The first is the national claims information database, while the second is the integrated...

Written Answers — Department of Finance: Financial Services Regulation (16 May 2018)

Michael McGrath: 13. To ask the Minister for Finance if he is satisfied that there is an adequate and fair independent appeals mechanism in a bank (details supplied) in relation to a group; and if he will make a statement on the matter. [21454/18]