Results 18,101-18,120 of 27,945 for speaker:Michael McGrath
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Michael McGrath: Okay. Mr. Moran, Mr. Wright in his report on the Department notes that the transfer of treasury operations to the NTMA "impaired the Department's capacity to respond to the banking crisis". There were, he went on to say, "shortages of skills in the requisite disciplines and inadequate knowledge of underlying developments in the [construction] sector". So, can I ask you for the duration of...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Michael McGrath: So how many economists roughly in say, when you came back in in 2003 ... how many economists were in the Department and how many do we have today? Just-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Michael McGrath: I know, I expect----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Michael McGrath: Yes, so give us the number anyway.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Michael McGrath: I know it's not just about the number.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Michael McGrath: It must be my training. Numbers tend to be important.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Michael McGrath: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Michael McGrath: Sure. Final question, Mr. Moran, and it's on the issue of the advice that the Department would have been giving to the Minister on fiscal policy and, as you say on page 8 of your witness statement, the Department did give advice to the Minister in terms of the pro-cyclical nature of budgetary policy. But then you ... you cite some of the criticisms in the Wright report: ...it is critical...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Michael McGrath: -----and I suppose, there seemed to be a tendency from the reports I've read that that was viewed as a starting point in the budget process and that, you know, that there would be a natural increase in expectations from there to the budget. But what was the Department doing from June, when it gave that memo to the Minister, to December and all the horse trading that went on in between?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Michael McGrath: So clarify the verbal advice which was given and then apart from the budget memo in June, what other steps did the Department take to put a control on the fiscal spending?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Michael McGrath: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Michael McGrath: Thank you.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Michael McGrath: Thanks Chair, I just have one question for Mr. Moran, and it relates to the various reports, the Wright report, Honohan, Regling-Watson etc. What changes and recommendations set out in those reports, including the Wright report in respect of the Department, are still outstanding, and what plans are there to introduce these changes in the future? So what are the key issues arising from those...
- Written Answers — Department of Social Protection: Pension Provisions (17 Jun 2015)
Michael McGrath: 63. To ask the Minister for Social Protection the rules governing the ability of a person in receipt of the State pension (contributory) or the State pension (non-contributory) to take up paid employment; and if she will make a statement on the matter. [24114/15]
- Written Answers — Department of Finance: IBRC Operations (17 Jun 2015)
Michael McGrath: 74. To ask the Minister for Finance if the minutes of the Irish Bank Resolution Corporation's credit committee were included in the monthly board packs sent by the bank to his Department; if so, when his Department began to receive the minutes of the corporation's credit committee; and if he will make a statement on the matter. [23979/15]
- Written Answers — Department of Finance: IBRC Operations (17 Jun 2015)
Michael McGrath: 75. To ask the Minister for Finance further to Parliamentary Question No. 71 of 10 June 2015, when the Irish Bank Resolution Corporation commenced the practice of sending monthly board packs to his Department. [23980/15]
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Michael McGrath: Thank you very much, Chair, and you're very welcome, Mr. Considine. You answered a question earlier on from Senator O'Keeffe about staffing numbers and skills and experience within the Department and you made reference to efforts that were made around 2006 to enhance them. Can you answer the same question but about the earlier period of your tenure, 2002 to, say, 2005, what efforts were...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Michael McGrath: Okay. Correct me if I'm wrong, but you made reference a few moments ago in response to Deputy O'Donnell about three independent brokers being involved in 2003, 2004-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Michael McGrath: What were you referring to there?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Michael McGrath: As negotiators?