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Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)

Michael McGrath: But in certain circumstances, an auditor could interpret that requirement as giving him or her scope to depart from the strict interpretation of an accounting standard, if they felt that was necessary for the financial statements to give a true and fair view.

Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)

Michael McGrath: Didn't arise.

Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)

Michael McGrath: Thank you, Mr. Fitzgerald.

Written Answers — Department of Finance: Tax Reliefs Application (19 May 2015)

Michael McGrath: 127. To ask the Minister for Finance further to Parliamentary Question No. 293 of 21 April 2015, if he will arrange for the Med 2 form to be amended to reflect the fact that the cost of attending a relevant practitioner as distinct from the cost of the procedures carried out qualifies for tax relief; and if he will make a statement on the matter. [19472/15]

Written Answers — Department of Finance: Flood Risk Insurance Cover (19 May 2015)

Michael McGrath: 128. To ask the Minister for Finance his plans to introduce a scheme to the effect that, following the completion of a comprehensive and agreed flood alleviation scheme to the required international standard, insurers may be obliged in law to reinstate flood insurance cover to homes and businesses within the same area; his views that the State should share in the risk for a defined period,...

Written Answers — Department of Finance: Banking Sector Regulation (19 May 2015)

Michael McGrath: 139. To ask the Minister for Finance the circumstances in which customers who were mis-sold payment protection insurance on their credit card can claim compensation, even if the product was purchased more than six years ago; the role the Central Bank of Ireland will play in this; and if he will make a statement on the matter. [19680/15]

Written Answers — Department of Environment, Community and Local Government: Flood Relief Schemes Expenditure (19 May 2015)

Michael McGrath: 485. To ask the Minister for Environment, Community and Local Government if he will provide details of the amount of money paid out to businesses not households in County Cork under the flood relief fund established in response to the flood event in June 2012; and if he will make a statement on the matter. [19477/15]

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (14 May 2015)

Michael McGrath: 64. To ask the Minister for Finance if, in order to qualify for the disabled drivers and disabled passengers scheme, it is a requirement that the pre-tax cost of adapting the vehicle must amount to at least 10% of its pre-tax cost; and if he will make a statement on the matter. [18990/15]

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (14 May 2015)

Michael McGrath: 65. To ask the Minister for Finance if, in order to qualify for the disabled drivers and disabled passengers scheme, a certain condition (details supplied) must be met. [18991/15]

Written Answers — Department of Finance: Banking Sector (14 May 2015)

Michael McGrath: 71. To ask the Minister for Finance if he will provide details, in cash terms for each bank that received State support, of the amount of capital provided or reserved to address the issue of principal dwelling house mortgage arrears; the quantum of such support that has been used to date for this purpose; and if he will make a statement on the matter. [19065/15]

Written Answers — Department of Health: Ambulance Service Response Times (14 May 2015)

Michael McGrath: 168. To ask the Minister for Health if he will investigate and report on the length of time it took for an ambulance to respond to a person (details supplied) at the person's home in County Cork; and if he will make a statement on the matter. [19071/15]

Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)

Michael McGrath: Thank you, Chair, and I'd like to welcome Mr. Crowley and Mr. Burrows. Good afternoon. Can I ask the secretariat to open up BOI - Vol. 1, B4, page 21. What I'm referring to there, Mr. Burrows, is extracts from a number of meetings to do with the group risk policy committee, essentially dealing with a review of credit quality, and serious issues were raised regarding ... the level of...

Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)

Michael McGrath: Yes. And what remedial action would have been taken then, in the event of ... of these specific issues being identified, where certain business managers would not have met the standards which were set by the bank?

Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)

Michael McGrath: Okay. Can I ask, Mr. Burrows, as ... as a member of the board, would you have access to all documents that you might seek? Would you be able to seek any document, for example, the minutes of any committee meeting from the ... within the bank?

Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)

Michael McGrath: Okay. And would the board regularly be circulated with, with the minutes of all of the, the internal committees?

Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)

Michael McGrath: Would, would the board have got reports from the group risk policy committee?

Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)

Michael McGrath: Regularly?

Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)

Michael McGrath: Okay. And when decisions are, are taken by the board, are ... is there collective responsibility?

Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)

Michael McGrath: Okay, so it is ... it would be a collective decision, as such. Can I ask the secretariat to move to BOI - Vol. 1, B1, page 95. So ... that will come up on the screen, Mr. Burrows. That is a group risk policy committee meeting on 13 December 2007 and I suppose, just to put this in context, you ... you have pointed out a number of times today your view that one of the problems was the...

Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)

Michael McGrath: And you don't believe that property represented an unhealthy proportion of the bank's exposure, in terms of its loan book, is that your position?

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