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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

Michael McGrath: I welcome the three delegations and thank them for their opening statements. I will begin with Ms Lavin, who made a very strong opening statement. It was powerful stuff on her experience with Ulster Bank. She made very strong allegations about engineering a default and manipulation. She alleged it lied when it came before the committee in December. In her opinion, where should all of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

Michael McGrath: How widespread does Ms Lavin believe the practice was among SME borrowers who ended up in GRG?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

Michael McGrath: My next question is for Mr. Beades. We have heard strong testimony on Ulster Bank. The question must be put whether the same practices were prevalent in other banks. They also had sections for problem loans and customers ended up in the sections and many of them did not come out. If there is to be an investigation into Ulster Bank, are the characteristics and traits similar in other banks...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

Michael McGrath: On the role of receivers, does Mr. Beades think receivers are properly regulated in Ireland? This is an issue I have pursued by parliamentary questions. Receivers can be appointed under company law or land and conveyancing law. It appears that the framework around the appointment and conduct of receivers is weak. Instances have been brought to my attention where assets were mismanaged,...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

Michael McGrath: With regard to public banking, Mr. Ó Muilleaneoir said that credit unions and post offices offer the ideal platform to develop such a model. At present, credit unions are sitting on billions of euro that they cannot lend because of lending restrictions and long-term lending restrictions. Many credit unions have a monthly cap on what they can lend and many have a maximum loan size. Is...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business and Banking: Discussion. (26 Jan 2017)

Michael McGrath: Yes. I thank the witness.

Written Answers — Department of Finance: Financial Services Regulation (26 Jan 2017)

Michael McGrath: 68. To ask the Minister for Finance his views on the potential roll-back of financial regulation in the United States and other jurisdictions; the extent to which this will impact financial regulation and the financial sector here; and if he will make a statement on the matter. [3737/17]

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (26 Jan 2017)

Michael McGrath: 69. To ask the Minister for Finance the cost of extending the disabled drivers and disabled passenger scheme to visually impaired persons that are unable to obtain a driving licence; and if he will make a statement on the matter. [3738/17]

Written Answers — Department of Finance: Brexit Issues (26 Jan 2017)

Michael McGrath: 70. To ask the Minister for Finance if he will be fully publishing his Department's current assessment of the economic impacts on the Irish economy of a hard Brexit (details supplied); and if he will make a statement on the matter. [3739/17]

Written Answers — Department of Finance: Brexit Issues (26 Jan 2017)

Michael McGrath: 71. To ask the Minister for Finance if World Trade Organisation rules will apply between the EU and the UK in the event that a trade deal between the UK and the EU is not completed by the end of the Article 50 process; and if he will make a statement on the matter. [3740/17]

Written Answers — Department of Education and Skills: Higher Education Institutions (26 Jan 2017)

Michael McGrath: 73. To ask the Minister for Education and Skills the total number of students in the first year intake for each university here offering medicine as an undergraduate degree in respect of each first year intake into medicine since the 2010-2011 academic year, in tabular form; the breakdown of that number between the number of places made available in the normal CAO system and the number of...

Written Answers — Department of Education and Skills: Higher Education Institutions (26 Jan 2017)

Michael McGrath: 74. To ask the Minister for Education and Skills the fee charged to international non-EU students, for each year studying medicine, for each university here offering medicine as an undergraduate degree and for each academic year since 2010-2011, in tabular form; the total fees collected by the university in respect of such international, non-EU students studying medicine in that university;...

Written Answers — Department of Public Expenditure and Reform: Trade Missions Expenditure (26 Jan 2017)

Michael McGrath: 128. To ask the Minister for Public Expenditure and Reform the amount of money spent in 2015 and 2016 on St. Patrick's Day trade missions; and the amount that will be spent in 2017 on St. Patrick's Day trade missions; and if he will make a statement on the matter. [3736/17]

Written Answers — Department of Transport, Tourism and Sport: Harbour Fees (26 Jan 2017)

Michael McGrath: 209. To ask the Minister for Transport, Tourism and Sport the statutory basis that provides for the imposition of mooring fees and the confiscation and retention of moorings, by the appropriate harbour authorities, in respect of which such fees have not been paid; and if he will make a statement on the matter. [3590/17]

Written Answers — Department of Jobs, Enterprise and Innovation: Trade Agreements (26 Jan 2017)

Michael McGrath: 215. To ask the Minister for Jobs, Enterprise and Innovation her views on the prospect of a free trade agreement between the EU and the UK and the application of state aid rules in the EU and the UK; and if she will make a statement on the matter. [3741/17]

Tracker Mortgages: Motion [Private Members] (24 Jan 2017)

Michael McGrath: I commend Deputy Pearse Doherty and his colleagues in Sinn Féin for putting this issue forward and securing Dáil time to discuss what is a very important issue. It must be borne in mind that of all the customers we know of who were wrongly denied tracker mortgage rates, the vast majority are still, in January 2017, not being charged the correct rate. The tracker rate to which...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU Corporate Taxation and Investment and Growth Strategies: Commissioner for Economic and Financial Affairs, Taxation and Customs (24 Jan 2017)

Michael McGrath: I welcome Commissioner Moscovici and his colleagues to the meeting. I have two questions for him, one on Brexit and one on CCCTB. The Commissioner stated in Davos last week that the talks between the EU and the UK on a new trade deal could only commence after the UK has left the European Union. A major concern for Ireland is the risk of a cliff effect after the two-year period following...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU Corporate Taxation and Investment and Growth Strategies: Commissioner for Economic and Financial Affairs, Taxation and Customs (24 Jan 2017)

Michael McGrath: Is it the Commission's objective that after the expiry of the two-year period there will be no cliff effect when the UK leaves the European Union? As there is no trade agreement in place is the default position the WTO's terms of trade? Such terms would have serious negative consequences for Ireland. Will an arrangement be put in place once the UK leaves so that trade continues smoothly...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: EU Corporate Taxation and Investment and Growth Strategies: Commissioner for Economic and Financial Affairs, Taxation and Customs (24 Jan 2017)

Michael McGrath: On the issue of the common consolidated corporate tax base, CCCTB, the Irish objection is not just based on how profits are allocated across EU member states for taxation. The calculation of the base itself, from the analysis that we have conducted, will result in a much narrower base compared with the current and much broader Irish calculation of taxable profits. There is huge concern about...

Written Answers — Department of Social Protection: Social Welfare Appeals (24 Jan 2017)

Michael McGrath: 299. To ask the Minister for Social Protection when he expects a social welfare appeal will be decided in respect of a person (details supplied). [2964/17]

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