Results 14,201-14,220 of 27,945 for speaker:Michael McGrath

Ceisteanna - Questions (Resumed) - Priority Questions: Loan Books Purchasers (17 Jan 2017)

Michael McGrath: 33. To ask the Minister for Finance his plans to introduce further protections for mortgage holders and SMEs whose loans have been sold to unregulated loan owners, including so-called vulture funds; his further plans to bring these funds fully within the ambit of financial regulation; and if he will make a statement on the matter. [1894/17]

Ceisteanna - Questions (Resumed) - Priority Questions: Loan Books Purchasers (17 Jan 2017)

Michael McGrath: I am sure the Minister saw the RTE documentary, "The Great Irish Sell Off", which dealt with the sale of mortgage loans and SME loans to so-called vulture funds and the growing concerns among those in the farming community who are trying to negotiate some way forward with some of the vulture funds who own their loans. The Minister and I disagree on whether there is a need to strengthen...

Ceisteanna - Questions (Resumed) - Priority Questions: State Banking Sector (17 Jan 2017)

Michael McGrath: 31. To ask the Minister for Finance his plans to proceed with the sale of a stake in a bank (details supplied) in the course of 2017; the factors that will influence his decision; and if he will make a statement on the matter. [1893/17]

Ceisteanna - Questions (Resumed) - Priority Questions: State Banking Sector (17 Jan 2017)

Michael McGrath: The purpose of the question is to seek clarity on the Minister's plans for a sale of a stake in Allied Irish Banks in 2017. Is it a Government objective to proceed with the sale of a stake this year? What factors will the Minister take into account in making a final decision on AIB and bringing a proposal to Government in the matter?

Ceisteanna - Questions (Resumed) - Priority Questions: State Banking Sector (17 Jan 2017)

Michael McGrath: I thank the Minister for his reply. He indicated that it is intended to proceed with an IPO if market conditions allow and are favourable. I assume that is the Government's position. It would be a policy decision as to how much of the Government's stake in AIB it would sell. Has the Minister given consideration to that issue or is it a matter on which he will take advice? Does he have...

Ceisteanna - Questions (Resumed) - Priority Questions: State Banking Sector (17 Jan 2017)

Michael McGrath: Does the Minister have an estimate of the likely proceeds from the sale of such a stake? In some respects, the valuations available to us are meaningless because there is no active market in the trading of AIB shares because the State owns approximately 99.8% of them. Will the Minister confirm that the proceeds of such a sale would be used to pay down debt and that, as a financial...

Ceisteanna - Questions (Resumed) - Priority Questions: State Banking Sector (17 Jan 2017)

Michael McGrath: There is a high degree of uncertainty in the markets and some volatility linked with international developments. There are also some question marks about the underlying health of certain European banks. We are all well aware, for example, of the problems with Italian banks and it is not yet clear how these will play out. At this remove, early in 2017, when will be the opportune time to...

Ceisteanna - Questions (Resumed) - Priority Questions: Central Bank of Ireland Investigations (17 Jan 2017)

Michael McGrath: Unless there is genuine accountability for how this scandal happened, how it was allowed to continue and why it was not dealt with more quickly by the Central Bank, this will keep happening. The reality is that it is the customers who ultimately lose out. Many have lost their homes and many thousands of others continue to pay with each passing month hundreds of euro extra in interest that...

Ceisteanna - Questions (Resumed) - Priority Questions: Central Bank of Ireland Investigations (17 Jan 2017)

Michael McGrath: 29. To ask the Minister for Finance if he will provide an estimate of the number of mortgages identified as part of the Central Bank investigation into tracker mortgages whereby the customer was wrongly denied his or her right to a tracker rate or the incorrect tracker rate was applied; his views on the widespread nature of this practice; and if he will make a statement on the matter. [1892/17]

Ceisteanna - Questions (Resumed) - Priority Questions: Central Bank of Ireland Investigations (17 Jan 2017)

Michael McGrath: My question relates to the Central Bank probe into the fact that thousands of customers were denied the right to return to a tracker interest rate and many others were denied the right to be on the correct tracker rate. The Governor of the Central Bank, when he came before the Oireachtas Joint Committee on Finance, Public Expenditure and Reform, and the Taoiseach, acknowledged that the figure...

Ceisteanna - Questions (Resumed) - Priority Questions: Central Bank of Ireland Investigations (17 Jan 2017)

Michael McGrath: I thank the Minister for his reply. The numbers which emerged during the course of the hearing to which I referred are much higher because the figure of 8,200 excludes customers from Permanent TSB and an older Bank of Ireland issue going back to 2011. The Governor acknowledged that 15,000 mortgage customers could be affected. I would like to know how the same mistake was made by AIB,...

Written Answers — Department of Finance: Central Bank of Ireland (17 Jan 2017)

Michael McGrath: 43. To ask the Minister for Finance if is satisfied with the staffing levels at the Central Bank; his views on the level of vacancies; if he is satisfied that the Central Bank is adequately prepared for the financial services firms that could potentially come to Ireland in view of Brexit; and if he will make a statement on the matter. [1724/17]

Written Answers — Department of Finance: Common Consolidated Corporate Tax Base Proposals (17 Jan 2017)

Michael McGrath: 61. To ask the Minister for Finance his views on the latest set of common consolidated corporate tax base proposals from the European Commission; his further views on whether these proposals would have a significantly negative impact on Ireland; and if he will make a statement on the matter. [1728/17]

Written Answers — Department of Finance: Financial Services Regulation (17 Jan 2017)

Michael McGrath: 73. To ask the Minister for Finance if his attention has been drawn to the fact that the Central Bank has no record of the number of SME loans that have been sold on to unregulated loan owners; if he will discuss this matter with the Central Bank; and if he will make a statement on the matter. [1727/17]

Written Answers — Department of Finance: Financial Services Regulation (17 Jan 2017)

Michael McGrath: 80. To ask the Minister for Finance if he is satisfied with the Central Bank's response to a bank's placing of 2,141 SME customers into a global restructuring group (details supplied); his views on whether a formal review is required by the Central Bank to assess whether any SME customers here were inappropriately treated; and if he will make a statement on the matter. [1725/17]

Written Answers — Department of Justice and Equality: Garda Security Escorts (17 Jan 2017)

Michael McGrath: 111. To ask the Minister for Justice and Equality the amount paid by banks in respect of the armed security provided for cash in transit transfers for each year since 2000; the current arrangements that apply; if she has satisfied herself with the level of security in place; and if she will make a statement on the matter. [41062/16]

Written Answers — Department of Justice and Equality: Garda Stations (17 Jan 2017)

Michael McGrath: 162. To ask the Minister for Justice and Equality the number and detail of Garda stations in Cork city and county in tabular form; if, in each case, there is on-site access within the station to the PULSE system; and if she will make a statement on the matter. [1139/17]

Written Answers — Department of Justice and Equality: Court Judgments (17 Jan 2017)

Michael McGrath: 169. To ask the Minister for Justice and Equality her views on the comments made by the Master of the High Court (details supplied) that the Circuit Courts around the country are not properly applying EU law in relation to applications for the repossession of homes; and if she will make a statement on the matter. [1355/17]

Written Answers — Department of Justice and Equality: Bench Warrants (17 Jan 2017)

Michael McGrath: 170. To ask the Minister for Justice and Equality the number of bench warrants currently waiting to be executed in Cork city, Cork west and Cork north Garda divisions; and if she will make a statement on the matter. [1356/17]

Written Answers — Department of Justice and Equality: Garda Operations (17 Jan 2017)

Michael McGrath: 195. To ask the Minister for Justice and Equality the number of drink-driving checkpoints set up in Cork city and county between 1 December 2016 and 7 January 2017; the number for the corresponding period in the previous year; and if she will make a statement on the matter. [1619/17]