Results 18,361-18,380 of 27,945 for speaker:Michael McGrath
- Written Answers — Department of Jobs, Enterprise and Innovation: Consumer Protection (28 May 2015)
Michael McGrath: 82. To ask the Minister for Jobs, Enterprise and Innovation the consumer rights that apply to gift vouchers; his plans to introduce new rules concerning the period of time for which such vouchers must remain valid; his plans to strengthen consumer rights in this area; and if he will make a statement on the matter. [21208/15]
- Written Answers — Department of Justice and Equality: Employment Rights (28 May 2015)
Michael McGrath: 111. To ask the Minister for Justice and Equality the legal position regarding entitlement to maternity leave and parental leave in respect of a person who becomes a parent through surrogacy abroad; and if she will make a statement on the matter. [21227/15]
- Written Answers — Department of Health: Medical Aids and Appliances Provision (28 May 2015)
Michael McGrath: 142. To ask the Minister for Health his plans to make Medtronic’s i-port advance injection device available on the long-term illness scheme for children with diabetes; and if he will make a statement on the matter. [21228/15]
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Michael McGrath: Thank you, Chair. You're very welcome, Mr. Neary. Do you believe that the banks lent too much money to the property and construction sector?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Michael McGrath: Do you accept that you had the power to impose lending limits through the concentration ratios applying to the banks?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Michael McGrath: But, in essence, are you accepting that the Financial Regulator has the tools and the powers to put a brake on the extent of lending by the banks to property and construction?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Michael McGrath: And, Mr. Neary, the Central Bank and regulator sent about 80,000 pages of documentation to the banking inquiry, which have been gone through forensically. And on the issue of the concentration limits, for example, extensive correspondence was available between the Financial Regulator and the banks. The concentration limits were breached in a number of cases, as you know. There are letters...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Michael McGrath: But the-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Michael McGrath: But, Mr. Neary, the inability to reach a conclusion and to follow through on that, does that also illustrate a failure of regulation?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Michael McGrath: And on the broader issues, Mr. Neary, just to clarify: you aren't citing a lack of powers, as regulator-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Michael McGrath: -----as a reason for not dealing with the issues?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Michael McGrath: Okay. You, you state in your opening statement that "the supervisory measures introduced by the authority were not sufficient to meet the challenges posed by the crisis and the recession that emerged." Can I ask you, Mr. Neary, in hindsight what do you think are the most important things you should have done and would have done differently as CEO of the Financial Regulator?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Michael McGrath: You said on page 9 of your witness statement "I do not think, even with the benefit of hindsight, that the authority, in the context of the time, would have assumed a different approach to supervision." People would regard that as a remarkable statement, Mr. Neary.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Michael McGrath: What is the essential reason why no sanctions were imposed on banks, credit institutions, during your tenure?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Michael McGrath: But it never happened, Mr. Neary.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Michael McGrath: No, in actual enforcement sanctions against the banks.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Michael McGrath: But, Mr. Neary, is that not like bringing a suspect before a criminal court and the court doesn't have the option of sending the person to prison. And they're released back onto the street and what will they do? They will reoffend because there's no sanction.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Michael McGrath: We had evidence yesterday from Mary Burke, who was the head of banking supervision from 2006. Under questioning she said "we were not able to pursue administrative sanctions cases because of a lack of resources." Is that accurate?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Michael McGrath: The request for additional resources by Ms Burke in May 2008 was supported by her immediate superior, Mr. Con Horan, but was not ultimately implemented. Where did that fall down?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Michael McGrath: No. It's in her own ... it's in her statement yesterday, Mr. Neary.