Results 11,901-11,920 of 27,945 for speaker:Michael McGrath

Written Answers — Department of Housing, Planning, and Local Government: Local Authority Funding (23 Jan 2018)

Michael McGrath: 666. To ask the Minister for Housing, Planning, and Local Government the amount provided to local authorities in each year since 2010 by way of the annual block grant from the local government fund; and if he will make a statement on the matter. [3368/18]

Written Answers — Department of Housing, Planning, and Local Government: Personal Injury Claims (23 Jan 2018)

Michael McGrath: 667. To ask the Minister for Housing, Planning, and Local Government the amount paid out by each local authority in respect of personal injury claims for each of the years 2010 to 2017; and if he will make a statement on the matter. [3384/18]

Written Answers — Department of Housing, Planning, and Local Government: Personal Injury Claims (23 Jan 2018)

Michael McGrath: 670. To ask the Minister for Housing, Planning, and Local Government the amount paid out and the number of claims the pay-outs related to by each agency under the aegis of his Department in respect of personal injury claims in each of the years 2010 to 2017; the number of claims that were settled outside of court in each of these years; the number of payments that were as a result of a court...

Written Answers — Department of Culture, Heritage and the Gaeltacht: Personal Injury Claims (23 Jan 2018)

Michael McGrath: 692. To ask the Minister for Culture, Heritage and the Gaeltacht the amount paid out and the number of claims the payouts related to by each agency under the aegis of her Department in respect of personal injury claims in each of the years 2010 to 2017; the number of claims that were settled outside of court in each of these years; the number of payments that were as a result of a court...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Michael McGrath: I welcome the Governor of the Central Bank of Ireland and his colleagues. It is important to acknowledge there has been progress in the examination, which is to be welcomed. The role of the Central Bank in that regard should be acknowledged and I am happy to do so. There are some new numbers in Professor Lane's presentation. I have been trying to work my way through them and perhaps...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Michael McGrath: Sure.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Michael McGrath: Overall, approximately 13,000 customers are still awaiting redress and compensation. They include approximately one quarter of the initial group, or approximately 3,400 of the first 13,000 customers. They are still awaiting redress and compensation, even though many of them were identified quite some time ago, over the course of 2016 and 2017. They are still waiting to get their money back.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Michael McGrath: The quantum of money involved, including the pre-examination cohort, has gone from €297 million to €316 million over recent weeks.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Michael McGrath: That is the latest position. Is the Governor giving a commitment that the remaining 13,000 people will all have their money back and be compensated by the end of June?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Michael McGrath: What does the witness mean by "firm guidance"?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Michael McGrath: I understand.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Michael McGrath: The Central Bank commitment is that all of those who have been identified as of now will be repaid and compensated by the end of June.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Michael McGrath: The language the Governor has used today is quite strong. He spoke about the lenders being "forced" to pay out €316 million, money which belongs to the borrowers. He spoke about the senior management of lenders being "hauled in". That is not language we normally hear from the Central Bank. He spoke about the material deficiencies in certain lenders' responses. As of today, is the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Michael McGrath: As of today, is there full co-operation by all of the lenders? Is the witness satisfied with the approach they are taking now?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Michael McGrath: I want to ask the Governor about the issue of individual accountability, which he touched on in his opening statement. Many people who are watching and who have observed this scandal in recent months want to know if there ultimately will be any individual accountability. If I had to put my hand on my heart and answer that question, I would have to say I do not think so. Previously, the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Michael McGrath: I hope I am wrong.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Michael McGrath: I have two other issues. I refer to the overall cost in this regard. The Governor stated the combined provisions made by the lenders runs to €900 million, whereby some €600 million is the amount of money being paid in redress and compensation and the associated costs are running at €300 million. What costs has the Central Bank incurred to date in this examination?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Michael McGrath: That is not included in the current €900 million.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Michael McGrath: Will the fines that follow from enforcement also be included?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Central Bank of Ireland (18 Jan 2018)

Michael McGrath: We are really looking at a figure well in excess of €1 billion ultimately when one counts the full costs of this.