Results 13,121-13,140 of 27,945 for speaker:Michael McGrath

Ceisteanna - Questions (Resumed) - Priority Questions: Insurance Compensation Fund (5 Jul 2017)

Michael McGrath: I thank the Minister of State for his reply. The system has failed the people in question. Of course, the company itself failed the people and has principle responsibility. The system of regulation and also the State failed them. Those involved have had their lives put on hold due to accidents, some of which happened well before the liquidation of Setanta in 2014. Some involve serious...

Ceisteanna - Questions (Resumed) - Priority Questions: Insurance Compensation Fund (5 Jul 2017)

Michael McGrath: The picture is not open-ended because the process of new claims has closed and there is a figure in terms of the overall potential liability. We know the ICF will pick up 65% of the bill. Will the Minister of State ask the insurance industry if it has any proposals to resolve the situation and also seek an update from the liquidation process? The Minister of State spoke about the Towers...

Ceisteanna - Questions (Resumed) - Priority Questions: Insurance Compensation Fund (5 Jul 2017)

Michael McGrath: 19. To ask the Minister for Finance his plans to ensure that all outstanding claims associated with the collapse of a company (details supplied) in 2014 are met in full through the Insurance Compensation Fund, the proceeds from the liquidation process and a contribution from the industry if necessary; and if he will make a statement on the matter. [31611/17]

Ceisteanna - Questions (Resumed) - Priority Questions: Insurance Compensation Fund (5 Jul 2017)

Michael McGrath: I am like a broken record on the issue of Setanta Insurance, but this is because there is a deep injustice here affecting almost 1,600 claimants who, more than three years since the collapse of Setanta Insurance, still do not know whether they will get 100% of their claims met either through the Insurance Compensation Fund, the proceeds from the liquidation or a contribution from the...

Ceisteanna - Questions (Resumed) - Priority Questions: Help-To-Buy Scheme (5 Jul 2017)

Michael McGrath: 17. To ask the Minister for Finance the status of the independent impact analysis of the help-to-buy scheme; when he plans to clarify the future of the scheme; and if he will make a statement on the matter. [31610/17]

Ceisteanna - Questions (Resumed) - Priority Questions: Help-To-Buy Scheme (5 Jul 2017)

Michael McGrath: This question relates to the help-to-buy scheme. As we know, an independent impact analysis which Fianna Fail insisted on is under way. I would like the Minister to clarify when he intends to make a decision on the future of the scheme. There has been considerable speculation by Ministers and others that the scheme may be scrapped, which is causing a lot of uncertainty in the market. I...

Ceisteanna - Questions (Resumed) - Priority Questions: Help-To-Buy Scheme (5 Jul 2017)

Michael McGrath: The speculation is within the Government - by the Taoiseach; the Minister, Deputy Eoghan Murphy, and anonymous sources within the Government - with strong hints that the help-to-buy scheme may well not survive for very much longer. The Minister knows what our position is. The impact analysis should have been made in advance of the scheme being introduced. As it was not, we insisted on it...

Ceisteanna - Questions (Resumed) - Priority Questions: Help-To-Buy Scheme (5 Jul 2017)

Michael McGrath: The Minister has now used the phrase "well in advance" on three separate occasions. What I interpret from his comments is that he is preparing the ground for the abolition of the help-to-buy scheme, but he will give notice to prospective buyers and the market of that course of action. This matters to people. There are first-time buyers who are wondering whether they should try to buy now...

Ceisteanna - Questions (Resumed) - Priority Questions: Help-To-Buy Scheme (5 Jul 2017)

Michael McGrath: It should have been done first.

Judicial Appointments Commission Bill 2017: Second Stage (Resumed) (5 Jul 2017)

Michael McGrath: I welcome the opportunity to contribute to the Judicial Appointments Commission Bill 2017. First, I want to address the level of priority, and the amount of Dáil time last week and this week, being given to the Bill. Others may criticise us for wanting to speak on the Bill but that is our right. The Government has prioritised the Bill in Government time. It comes at the expense of...

Written Answers — Department of Finance: Insurance Costs (5 Jul 2017)

Michael McGrath: 35. To ask the Minister for Finance the status of the second phase of the cost of insurance working group in respect of employer liability and public liability; when the working group will come forward with recommendations; the progress on the working group's report on motor insurance; and if he will make a statement on the matter. [31243/17]

Written Answers — Department of Finance: Budget Deficit (5 Jul 2017)

Michael McGrath: 65. To ask the Minister for Finance if he is committed to the 45% debt-to-GDP target outlined in budget 2017 by his predecessor; the way in which he plans to meet this target by 2025; and if he will make a statement on the matter. [31244/17]

Written Answers — Department of Finance: Budget Deficit (5 Jul 2017)

Michael McGrath: 70. To ask the Minister for Finance his position regarding the setting up of a rainy day fund in 2019; if he is committed to it being set up; the way in which he sees it being implemented; and if he will make a statement on the matter. [31242/17]

Written Answers — Department of Finance: Personal Contract Plans (5 Jul 2017)

Michael McGrath: 44. To ask the Minister for Finance if he has satisfied himself with the regulatory position surrounding personal contract plans used to purchase motor vehicles; if he has further satisfied himself with the current roles of the Central Bank and the Competition and Consumer Protection Commission in relation to PCPs; the complaints process for a customer in relation to PCPs; and if he will make...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Asian Infrastructure Investment Bank Bill 2017: Committee Stage (4 Jul 2017)

Michael McGrath: My question is a related one, and the Minister may not have the answer to hand, but it concerns the governance issue. I think the indication is that the sitting Minister for Finance will be a governor and will attend one meeting a year. There will be 12 members of the board of directors - nine from the region and three non-regional members - and they will be drawn from or come from...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Asian Infrastructure Investment Bank Bill 2017: Committee Stage (4 Jul 2017)

Michael McGrath: There will be one director from the euro area.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Asian Infrastructure Investment Bank Bill 2017: Committee Stage (4 Jul 2017)

Michael McGrath: How many euro area members of the bank are there currently?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Asian Infrastructure Investment Bank Bill 2017: Committee Stage (4 Jul 2017)

Michael McGrath: That is 14 or 15.

Written Answers — Department of Finance: Tax Data (4 Jul 2017)

Michael McGrath: 88. To ask the Minister for Finance the number of approved retirement funds here in each of the years 2011 to 2016; and if he will make a statement on the matter. [30866/17]

Written Answers — Department of Finance: Tax Data (4 Jul 2017)

Michael McGrath: 89. To ask the Minister for Finance the tax yield from approved retirement funds in each of the years 2011 to 2016; and if he will make a statement on the matter. [30867/17]