Results 11,141-11,160 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: IBRC Liquidation (17 Jun 2014)

Michael Noonan: I have been advised by the Special Liquidators that it is the policy of the Special Liquidators of Irish Bank Resolution Corporation Limited (in Special Liquidation) to notify all commercial borrowers whose loans are sold as part of the liquidation of IBRC of the sale of their loan and the identity of the purchaser of that loan. This notification process takes the form of an initial...

Written Answers — Department of Finance: IBRC Liquidation (17 Jun 2014)

Michael Noonan: I have been advised by the Special Liquidators that the relevant code of conduct that can apply to certain "business borrower-lender relationships" is the Code of Conduct for Business Lending to Small and Medium Enterprises (SME Code).  The application of the SME Code varies depending on whether the relevant purchasing entity of the commercial loans is a regulated entity or an...

Written Answers — Department of Finance: Capital Programme Expenditure (17 Jun 2014)

Michael Noonan: In reply to the Deputy's question, an amount of €1.33m was spent by my Department on the construction of a Civil Service crèche in Mahon, Cork in 2008. There was no capital spending on construction projects by the bodies operating under the responsibility of my Department for the period in question (2008 - 2014 (to date)).

Written Answers — Department of Finance: Capital Programme Expenditure (17 Jun 2014)

Michael Noonan: The €5m capital allocation for the Finance Vote Group is split between the Office of the Revenue Commissioners (€4.850m) and the Department of Finance (€0.150m). Of the €150k allocated to the Department of Finance, €75k is in respect of internal refurbishment of buildings in the Merrion Street Complex, with the balance attributable to ICT. As...

Written Answers — Department of Finance: Pensions Levy Yield (17 Jun 2014)

Michael Noonan: I am informed by the Revenue Commissioners that receipts to date from the 0.6% Stamp Duty levy on pension fund assets, introduced in the Finance (No. 2) Act 2011, amounted to €463 million in 2011, €483 million in 2012 and €535 million in 2013. The deadline date for payment of the levy this year is 25 September 2014 and the forecast yield is €675 million.

Written Answers — Department of Finance: Industrial Relations (17 Jun 2014)

Michael Noonan: No civil servants currently have cases against my Department in the Labour Court, Equality Tribunal, CPSA and EAT.

Written Answers — Department of Finance: European Stability Mechanism (17 Jun 2014)

Michael Noonan: On 10 June 2014 the euro area Member States reached a preliminary agreement on the future European Stability Mechanism's (ESM) direct recapitalisation instrument (DRI). This now requires a decision by mutual agreement of the ESM Board of Governors to create a new ESM instrument in accordance with Article 19 of the ESM treaty and the aim is to have this process completed by November this year....

Written Answers — Department of Finance: NAMA Portfolio (17 Jun 2014)

Michael Noonan: I would like to advise the Deputy that a detailed breakdown of the property securing NAMA's remaining loans by region and by sector is outlined on page 42 of its Annual Report and Financial Statements for 2013, which is available on the Agency's website, . In evidence to the Dáil Committee of Public Accounts on 29thMay, NAMA indicated that it has an interest as a secured lender in...

Written Answers — Department of Finance: Banking Sector Remuneration (17 Jun 2014)

Michael Noonan: I propose to take Questions Nos. 170 and 171 together. I have received the following information regarding retired employees. AIB The number of retired employees being paid a pension as at 31st May 2014 from the AIB Group pension schemes was 5,165.  With regard to the actual pensions in payment data, this is the property of the Pension Trustees and is covered by Data Protection...

Written Answers — Department of Finance: Banking Sector Remuneration (17 Jun 2014)

Michael Noonan: My officials have had numerous contacts with the banks in connection with disclosures around Remuneration, both linked to your specified Parliamentary Questions and in an effort to best keep informed the general public, investors and other stakeholders about the restructuring taking place at the banks. As you know it has been a stated policy objective of the Government to ensure...

Written Answers — Department of Finance: Departmental Staff Expenses (17 Jun 2014)

Michael Noonan: The information requested by the Deputy in relation to subsistence claims by - and the refund of all taxi costs to - staff is set out in the table. As regards staff taxi payments, benefit in kind would only arise in respect of journeys to, or from, the place of employment of an employee where these are on a regular basis and not in compliance with the other criteria set out by...

Written Answers — Department of Finance: IBRC Liquidation (17 Jun 2014)

Michael Noonan: I understand that twelve freedom of information requests were received regarding the liquidation of the Irish Bank Resolution Corporation. Of these eleven were responded to and refused in whole. One request was withdrawn and was dealt with directly outside the FOI process.

Written Answers — Department of Finance: Departmental Strategies (17 Jun 2014)

Michael Noonan: Risk assessment forms a central element of my Department's analyses. At present, inflationary pressures in Ireland are more muted than those being experienced in the wider euro area, with end-April Harmonised Index of Consumer Prices data indicating an inflation rate differential of some 0.3 percentage points. Ireland registered an inflation rate of 0.4% compared to the euro...

Written Answers — Department of Finance: Eurozone Crisis (17 Jun 2014)

Michael Noonan: The main objective of the single currency is to enhance the living standards of the citizens of all participating Member States. This is achieved inter alia by greater levels of trade, a deepening of the Single Market and increased financial integration within the EU, all of which are facilitated by the single currency. While it is fair to say that the euro has been optimal in...

Written Answers — Department of Finance: Budget Submissions (17 Jun 2014)

Michael Noonan: I propose to take Questions Nos. 177 and 179 together. The facility to cost Budget proposals and policies is one made available by my Department, on request, to all opposition parties. No party availed of this facility in relation to Budget 2013. Prior to Budget 2014 my Department received one request for costings from a political party and two from individual Deputies. Such requests are...

Written Answers — Department of Finance: Tax Reliefs Cost (17 Jun 2014)

Michael Noonan: I am not in a position to provide the information requested by the Deputy. In the first instance I am not clear on the specific proposals for reductions in tax relief on the pension contributions of public servants to which the Deputy refers and the source of those proposals. In any event, it would not be possible to reduce tax relief on the pension contributions made by public servants...

Written Answers — Department of Finance: National Debt (17 Jun 2014)

Michael Noonan: I would point the Deputy to the "Budgetary & Economic Statistics 2013" document which was published by my Department in Decemebr 2013. This is available on my Department's website at the following link and contains the requested information to 2012:.   Data on 2013 Exchequer outturns are avilable on my Departments website at: CSO relevant data are...

Written Answers — Department of Finance: Hidden Economy Monitoring Group Issues (17 Jun 2014)

Michael Noonan: I propose to take Questions Nos. 181 and 182 together. As I informed the deputy last week, the Hidden Economy Monitoring Group is a non-statutory multi-agency group, the primary focus of which is to provide a forum for participants to exchange views on combatting shadow economy activity.  The Hidden Economy Monitoring Group does not have statutory functions nor does it have statutory...

Written Answers — Department of Finance: Banking Sector Redundancies (17 Jun 2014)

Michael Noonan: As the Deputy will be aware under the Relationship Framework the State does not intervene in the day to day operations of the bank or their management decisions regarding commercial matters. As AIB has previously indicated as part of its agreed EC Restructuring Plan which requires it to reduce costs and increase efficiencies, outsourcing of certain functions would be considered in...

Written Answers — Department of Finance: Insurance Industry Regulation (17 Jun 2014)

Michael Noonan: I propose to take Questions Nos. 184, 190, 192 and 208 together. At the outset, I would like to say that both I, as Minister for Finance, and the Government are concerned over the situation that arose with regard to the Irish policyholders of Setanta Insurance Company Limited (Setanta).  My Department and the Central Bank will be reviewing the circumstances relating to...