Results 18,881-18,900 of 27,945 for speaker:Michael McGrath

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Michael McGrath: Thank you. Thank you, Chair.

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Michael McGrath: Yes, thank you very much Chair. Mr Fitzpatrick, can I just, by way of example, I've been looking at the 2007 financial statements for Ulster Bank Ireland Limited and there is reference in the ... in the report of the directors to risk management and the key risks are cited and one of them is credit risk, and then note 25 is much more detailed in terms of risk management. But what would you...

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Michael McGrath: That you won't be repaid by your customers?

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Michael McGrath: Would that be part of it?

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Michael McGrath: Okay. Now in note 8 to the accounts, dealing with asset quality there are a number of tables, which as you indicate, do statistically break down, you know, the loans that have been provided and there are descriptions given including, the word property is used as one heading, construction is used as another but no commentary. And when you go on to note 25, which deals with risk, there isn't,...

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Michael McGrath: Okay. But would I be right in saying that even back then, say in 2006 and 2007, there wasn't any impediment or prohibition on the directors providing additional information, additional commentary in the note dealing with risks that the bank was facing?

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Michael McGrath: Okay. I asked that really in the context of one of the first questions I asked earlier on. And if I can rephrase it; if you had been absolutely certain in your own mind back in 2007 that this was heading over a cliff, that the bank, the banking system, was facing a crash but you'd no evidence for that because it hadn't happened yet, but if you were certain as the auditor that this is not...

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Michael McGrath: But you had no evidence.

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Michael McGrath: But personally certain, as in, you know, you had a gut instinct that this simply is not going to last. What could you have done as auditor? Could you have requested additional disclosures, could you have requested that the risk note, for example, be much more detailed?

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Michael McGrath: Okay. If you strongly felt.

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Michael McGrath: A final question for Mr. Cullen. You said that the fee income from Ulster Bank, I think, was, even at the peak, less than 1% of the total income that Deloitte had. Was it one of the largest clients, was it among your top ten clients, for example?

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Michael McGrath: Yes, was it your largest financial services client?

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Michael McGrath: Sure. Was it the largest financial services client for Deloitte?

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Michael McGrath: Okay. Thank you.

Written Answers — Department of Finance: National Pensions Reserve Fund Investments (12 May 2015)

Michael McGrath: 288. To ask the Minister for Finance if he will provide all the receipts from, and payments to, the Exchequer by the National Pensions Reserve Fund, in each year from 2008 to date in 2015; and if he will make a statement on the matter. [18471/15]

Written Answers — Department of Finance: Banks Recapitalisation (12 May 2015)

Michael McGrath: 289. To ask the Minister for Finance if he will provide the amount, and a breakdown by institution, of the dated subordinated bonds repaid in full during the period of the Credit Institutions (Financial Support) Act 2008. [18524/15]

Written Answers — Department of Justice and Equality: Garda Strength (12 May 2015)

Michael McGrath: 414. To ask the Minister for Justice and Equality if she will provide for each of the years 2000, 2005 and 2010, and for 2015 to date, the Garda numbers for each of the Garda districts in Cork city and county; and if she will make a statement on the matter. [18576/15]

Written Answers — Department of Health: General Medical Services Scheme Data (12 May 2015)

Michael McGrath: 505. To ask the Minister for Health the total savings achieved to date from the overall reduction in the income threshold, from €1,400 per week to €900 per week, for a couple in respect of eligibility for an over 70 years of age medical card. [18622/15]

Written Answers — Department of Education and Skills: Industrial Disputes (12 May 2015)

Michael McGrath: 546. To ask the Minister for Education and Skills if she is aware of the details of the current industrial dispute between staff (details supplied) in County Cork; the steps she will take to assist in the achievement of a resolution; and if she will make a statement on the matter. [18577/15]

Ceisteanna - Questions - Priority Questions: Mortgage Arrears Proposals (7 May 2015)

Michael McGrath: I thank the Minister. We need a greater throughput on the issue of mortgage to rent. Fewer than 100 cases have been completed. The process needs to be revamped, streamlined and made more efficient. We need a clear definition of what a sustainable solution is from the point of view of the borrower and we need consistency in its application. Personal insolvency practitioners, PIPs, need to...