Results 11,681-11,700 of 27,945 for speaker:Michael McGrath

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: KBC Bank (6 Feb 2018)

Michael McGrath: In response to the question about the number of files for affected customers which are incomplete or missing, Mr. Verbraeken states there are approximately 14 for which the bank is missing documentation and where the mortgage account was deemed impacted as a result. Is it because the documentation is missing that the bank is assuming they have been impacted?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: KBC Bank (6 Feb 2018)

Michael McGrath: Thank you.

Order of Business (6 Feb 2018)

Michael McGrath: A year ago, we had the publication of the costs of insurance working group. One of the main recommendations in that was the establishment of a national claims information database so that, for once and for all, we could get a proper handle on the data surrounding claims. The legislation, which is called the Central Bank (national claims information database) Bill, was to be enacted by the...

Written Answers — Department of Justice and Equality: Insurance Fraud (6 Feb 2018)

Michael McGrath: 65. To ask the Tánaiste and Minister for Justice and Equality the status of the establishment of a fully functioning integrated insurance fraud database; and if he will make a statement on the matter. [4281/18]

Written Answers — Department of Finance: Tax Code (6 Feb 2018)

Michael McGrath: 137. To ask the Minister for Finance the position on the planned introduction of a tax on sugar sweetened drinks as set out in the Finance Act 2017; when he plans to bring this tax into operation; the position regarding his Department's contact with the European Commission in relation to state aid; the work that has been carried out on the introduction of this tax since budget 2018; and if he...

Written Answers — Department of Finance: Banking Sector Regulation (6 Feb 2018)

Michael McGrath: 146. To ask the Minister for Finance if the Central Bank has restrictions on the length of mortgages provided to different age cohorts of persons; if similar restrictions exist within the State-supported banks; if so, the details of such restrictions; if there is an upper limit on the age a person can be and still have a mortgage; and if he will make a statement on the matter. [5817/18]

Written Answers — Department of Finance: Mortgage Applications Data (6 Feb 2018)

Michael McGrath: 147. To ask the Minister for Finance if the Central Bank collects data on mortgage refusals by mortgage lenders here; if so, the most recent data for same by the reason for the rejection; and if he will make a statement on the matter. [5818/18]

Written Answers — Department of Public Expenditure and Reform: Departmental Properties (6 Feb 2018)

Michael McGrath: 169. To ask the Minister for Public Expenditure and Reform the number of properties (details supplied) that remain in public ownership; if there are plans for their sale on the open market; and if he will make a statement on the matter. [5941/18]

Written Answers — Department of Education and Skills: Schools Building Projects Status (6 Feb 2018)

Michael McGrath: 219. To ask the Minister for Education and Skills the status of the acquisition of a site for a permanent school building for a school (details supplied) in County Cork. [5929/18]

Written Answers — Department of Health: Medical Card Drugs Availability (6 Feb 2018)

Michael McGrath: 390. To ask the Minister for Health the entitlement of a person (details supplied) to accessing morphine patches under the medical card scheme. [5720/18]

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: European Union Matters: Commissioner Valdis Dombrovskis (1 Feb 2018)

Michael McGrath: The Commissioner and Vice-President of the European Commission and his team are very welcome. I would like to raise a few issues with him. I note his list of responsibilities includes proposing measures to make financial services work better for consumers and retail investors. A key consumer issue in Ireland regarding financial services is the very high mortgage interest rates charged to...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: European Union Matters: Commissioner Valdis Dombrovskis (1 Feb 2018)

Michael McGrath: I thank the Commissioner. I suggest to him that it should be a priority because if we are to have a full Single Market for financial services and at a time when all of the larger banks are being regulated directly by the Single Supervisory Mechanism, which is European-wide, it should be the case that all consumers, certainly those within the eurozone, should be able to avail of products...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: European Union Matters: Commissioner Valdis Dombrovskis (1 Feb 2018)

Michael McGrath: I have two other questions. One relates to non-performing loans, which the Commissioner addressed in his opening statement. The rate in Ireland is falling but it is still high. The way we would like to see banks reduce their non-performing loans is by reaching agreements with borrowers and restructuring loans but what we find here in practice is that the main banks are reducing their level...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: European Union Matters: Commissioner Valdis Dombrovskis (1 Feb 2018)

Michael McGrath: Regarding Brexit, I want to acknowledge the support of the European Commission for the Irish position and the support of the other European institutions. We hope that continues right through to the end but is it the objective of the European Union to ultimately negotiate a free trade agreement with the United Kingdom? We are now moving into a new phase and there is talk of the transition...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)

Michael McGrath: I thank the Chair. I welcome Mr. Stanley and Ms Arnett. Can I ask where is Mr. Mallon, the chief executive officer?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)

Michael McGrath: However, Mr. Mallon is actually working? He is not on gardening leave?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)

Michael McGrath: My understanding, of the precedent referred to, was that outgoing chief executive officer was not at work at that time. I will have to check that. I put it to the witness that he should be here. He is still the chief executive officer. He is the person who is accountable. We might look into that precedent issue. Turning to the matters at hand, the tracker examinations, in the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)

Michael McGrath: They all have been contacted and there is engagement with all of them. Why does Mr. Stanley say "in the region of 15"? The wording is loose.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)

Michael McGrath: Has Ulster Bank identified any buy-to-lets thus far where people lost their homes?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Ulster Bank (1 Feb 2018)

Michael McGrath: There are 15 PDHs and one buy-to-let.