Results 15,561-15,580 of 32,593 for speaker:Paschal Donohoe

Written Answers — Department of Finance: Mortgage Lending (28 Feb 2019)

Paschal Donohoe: The Central Bank of Ireland has put in place certain requirements in relation to the provision of residential mortgage credit by regulated entities. These are set out in regulations made by the Bank under the Central Bank (Supervision and Enforcement) Act 2013. These mortgage measures are now a permanent feature of the mortgage market and the Central Bank is satisfied that they are operating...

Written Answers — Department of Finance: Public Liability Insurance (28 Feb 2019)

Paschal Donohoe: As the Deputy is aware, the Cost of Insurance Working Group (CIWG) made a recommendation that the Central Statistics Office (CSO) consider the feasibility of collecting price information on the cost of general liability insurance for businesses in the State and report to my Department on this by the end of 2018. I have been informed that the CSO submitted a draft report to my Department...

Written Answers — Department of Finance: Public Liability Insurance (28 Feb 2019)

Paschal Donohoe: I propose to take Questions Nos. 58 and 59 together. At the outset, it is important to note that while as Minister for Finance, I am responsible for the development of the legal framework governing financial regulation, my Department does not collect the type of information being sought by the Deputy. Further, I understand that the Central Bank of Ireland does not have access to...

Written Answers — Department of Finance: Mortgage Protection Policies (28 Feb 2019)

Paschal Donohoe: I am advised by the Central Bank that when an individual(s) applies for a mortgage loan to buy a home, the individual(s) will generally be required to take out mortgage protection insurance. This is a particular type of life assurance taken out for the term of the mortgage and designed to pay it off on the death of the borrower or joint borrower. In most cases, a lender is legally required...

Written Answers — Department of Finance: Insurance Compensation Fund (28 Feb 2019)

Paschal Donohoe: Setanta Insurance ("Setanta") was placed into liquidation by the Malta Financial Services Authority on 30 April 2014. As it was a Maltese incorporated company, the liquidation is being carried out under Maltese law. The Deputy will be aware that the Insurance (Amendment) Act 2018 (Act 21 of 2018) was enacted in July 2018. The Act inter alia provides for revised arrangements for the on-going...

Written Answers — Department of Finance: Tax Reliefs Data (28 Feb 2019)

Paschal Donohoe: It is assumed the Deputy is referring to the revised Entrepreneurial Relief provided for by section 597AA of the Taxes Consolidation Act 1997. This provision was introduced in the Finance Act 2015 and provides relief from Capital Gains Tax for individuals disposing of business investments in certain circumstances. I am advised by the Revenue Commissioners that the number of claims and the...

Written Answers — Department of Finance: Public Liability Insurance (28 Feb 2019)

Paschal Donohoe: At the outset, it is important to note that while as Minister for Finance, I am responsible for the development of the legal framework governing financial regulation, my Department does not collect the type of information being sought by the Deputy. The day to day supervision of insurance undertakings is a matter for the Central Bank of Ireland, and so my officials have consulted with the...

Written Answers — Department of Finance: Economic Policy (28 Feb 2019)

Paschal Donohoe: I regularly monitor the latest economic developments. My Department continually analyses and prepares briefing on short and medium term macroeconomic trends in European and international economy. This includes informing me of the latest forecasts of the global economy and of our key trading partners from the international institutions. The Economic and Fiscal Outlook published with...

Written Answers — Department of Finance: Mortgage Interest Rates (28 Feb 2019)

Paschal Donohoe: As the Deputy is aware, the European Central Bank is independently responsible for the formulation and implementation of monetary policy in the euro area. Accordingly it is a matter for the ECB to set official interest rates and to operate the other tools for the implementation of its monetary policy decisions. In the context of the Single Supervisory Mechanism, the ECB also plays a key...

Written Answers — Department of Finance: Tax Code (28 Feb 2019)

Paschal Donohoe: I assume the Deputy is referring to the Apple State aid case as the European Commission has said publicly that the recovery amount may be reduced if other countries were to require Apple to pay more taxes. Notwithstanding the appeal that the Government has lodged in the Apple State aid case, Ireland is required to comply with the binding articles of the Commission’s Final Decision and...

Written Answers — Department of Finance: Code of Conduct on Mortgage Arrears (28 Feb 2019)

Paschal Donohoe: I am advised by the Central Bank of Ireland that within the remit of its responsibilities for safeguarding stability and protecting consumers, its approach to mortgage arrears resolution is focused on ensuring the fair treatment of borrowers through a strong consumer protection framework and ensuring that lenders have appropriate arrears resolution strategies and operations in place. ...

Written Answers — Department of Finance: Small and Medium Enterprises (28 Feb 2019)

Paschal Donohoe: As the Deputy is aware, the courts are independent in the exercise of their judicial functions, and as Minister for Finance I cannot intervene in matters before them. The Central Bank has published regulations for firms lending to small and medium enterprises, these aim to strengthen protections for SMEs when borrowing from regulated lenders, they set out a framework which regulated...

Written Answers — Department of Finance: Economic Growth (28 Feb 2019)

Paschal Donohoe: On the back of the strong growth recorded over the last number of years, our economy has moved from a stage of economic recovery to a more mature stage of development. The recovery in the economy in part reflects improvements in Ireland’s competitiveness over the last number of years. As measured by the Central Bank’s Real Harmonised Competitiveness Indicator, Ireland’s...

Written Answers — Department of Finance: EU-IMF Programme of Support (28 Feb 2019)

Paschal Donohoe: To grant context to my response, I feel it appropriate to highlight that funding from the EU/IMF Programme replaced Ireland’s long-term bond issuance in 2011. Therefore, while the National Treasury Management Agency (NTMA) maintained a continuous, albeit limited presence in short-term markets in 2011, the focus of this response is on the funding sourced under the EU/IMF Programme....

Written Answers — Department of Public Expenditure and Reform: Garda Stations (28 Feb 2019)

Paschal Donohoe: I am pleased to inform the Deputy that the consultant architect has been appointed for this project. Tenders for a Mechanical and Electrical engineer and Civil and Structural Engineer have been received and are currently being assessed. I am advised by the Commissioners of Public Works that they expect to have the process of appointing a Mechanical and Electrical engineer completed within...

Written Answers — Department of Public Expenditure and Reform: Project Ireland 2040 Funding (28 Feb 2019)

Paschal Donohoe: I propose to take Questions Nos. 72 and 73 together. The Government has already resolved to allocate funding in line with the objectives of Project Ireland 2040, and the National Development Plan 2018-2027 sets out the resource envelope to that end. In my role as Minister for Public Expenditure and Reform I am responsible for setting the overall capital allocations across Departments and for...

Written Answers — Department of Public Expenditure and Reform: Office of Public Works Properties (28 Feb 2019)

Paschal Donohoe: In accordance with DPER Circular 11/15 - Protocols for the Transfer and Sharing of State Property Assets - , a site valuation, as determined by the Valuation Office, is required to set the sale price for a property transaction between public bodies. In this particular case, the property in Kilmore Quay is owned by Wexford Co Co and they have referred the case to the Valuation Office. Under...

Written Answers — Department of Public Expenditure and Reform: Public Procurement Contracts Data (28 Feb 2019)

Paschal Donohoe: The Office of Public Works has put a number of framework contracts in place for the supply of office furniture. The framework contracts were awarded following a public tender process under national and EU procurement rules, through the eTenders website and OJEC as required. The framework contracts have been awarded on basis of the most economically advantageous tender. The contracts are...

Written Answers — Department of Public Expenditure and Reform: Public Procurement Contracts Expenditure (28 Feb 2019)

Paschal Donohoe: The Office of Public Works has a number of framework contracts in place for the supply of office furniture for use by Civil Service departments and other public sector organisations. In 2018 a total of €16,664,556.70 was spent on the provision of furniture through these framework contracts. Organisations may purchase furniture through other means and a small amount of specialist...

Written Answers — Department of Public Expenditure and Reform: Pension Provisions (28 Feb 2019)

Paschal Donohoe: I have been advised that my Department issued its decision agreeing to the appeal submitted in this case on 7 December 2017, and that the Department of Justice and Equality communicated this by letter on 11 December 2017. If the individual in question did not receive the letter, he would be advised to contact the Pensions Administration Section, Department of Justice and Equality, Deerpark...