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Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Michael McGrath: The bank guarantee ... and I fully understand none of you were involved in any shape or form, but presumably you have an opinion. With the information that was available at the time, have you a quick comment, each of you, on the decision to guarantee all six banks?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Michael McGrath: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Michael McGrath: Mr. Beggs?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Michael McGrath: Mr. McLaughlin, sorry.

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Michael McGrath: Sure.

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Michael McGrath: Thank you, Chair.

Written Answers — Department of Finance: Mortgage Repayments (6 May 2015)

Michael McGrath: 124. To ask the Minister for Finance the amount in legal costs that Allied Irish Banks spent in 2013 and in 2014, in pursuing persons who had defaulted on their house loans; the top five highest amounts paid out to legal firms for that work in 2014 only; and if he will make a statement on the matter. [17186/15]

Written Answers — Department of Finance: IBRC Operations (6 May 2015)

Michael McGrath: 131. To ask the Minister for Finance the payment, in cents per share, made to shareholders in Siteserv, as a result of the €5m distribution as part of the write-off of €10 million by the Irish Bank Resolution Corporation; and if he will make a statement on the matter. [17371/15]

Written Answers — Department of Finance: Universal Social Charge Application (6 May 2015)

Michael McGrath: 132. To ask the Minister for Finance the cost of reducing the current Universal Social Charge rates to 1%, 3% and 6% respectively for PAY As You Earn and self-employed earners, while maintaining the current bands and the 8% rate; and if he will make a statement on the matter. [17415/15]

Written Answers — Department of Finance: Universal Social Charge Application (6 May 2015)

Michael McGrath: 170. To ask the Minister for Finance the cost of reducing the current 7% rate of Universal Social Charge by 0.5%, 1%, 1.5% and 2%; and if he will make a statement on the matter. [17757/15]

Written Answers — Department of Finance: Universal Social Charge Application (6 May 2015)

Michael McGrath: 171. To ask the Minister for Finance the current number of income earners who are exempt from paying Universal Social Charge; the level to which the threshold would need to be raised to exempt a total of 400,000 and 500,000 persons respectively from the Universal Social Charge; and if he will make a statement on the matter. [17758/15]

Written Answers — Department of Finance: Mortgage Interest Rates (6 May 2015)

Michael McGrath: 140. To ask the Minister for Finance the position regarding the review of accounts by Permanent TSB, whose owners may be affected by the recent Supreme Court case pertaining to customers on a fixed-rate mortgage product which included a right to move to a tracker rate at the end of the agreed fixed rate term; if he will specify the number of customer accounts that are potentially affected;...

Written Answers — Department of Finance: Mortgage Interest Rates (6 May 2015)

Michael McGrath: 151. To ask the Minister for Finance if consideration is being given to increasing the bank levy on financial institutions that do not reduce standard variable mortgage rates. [17596/15]

Written Answers — Department of Finance: Fuel Laundering (6 May 2015)

Michael McGrath: 153. To ask the Minister for Finance if he will provide a breakdown by county of the 134 filling stations closed down by the Revenue Commissioners in the past four years as part of the investigation into fuel laundering; if these closures are permanent or temporary; and if he will make a statement on the matter. [17601/15]

Written Answers — Department of Finance: Property Tax Data (6 May 2015)

Michael McGrath: 164. To ask the Minister for Finance if he will provide a detailed breakdown of the distribution of the local property tax collected in 2013; and if he will make a statement on the matter. [17710/15]

Written Answers — Department of Finance: Financial Services Regulation (6 May 2015)

Michael McGrath: 165. To ask the Minister for Finance the number of persons working in international financial services in County Cork; if he has considered supporting the development of an international financial services cluster in County Cork; and if he will make a statement on the matter. [17739/15]

Written Answers — Department of Finance: State Banking Sector (6 May 2015)

Michael McGrath: 166. To ask the Minister for Finance the current value of the State's investments in Allied Irish Banks, Bank of Ireland and Permanent TSB; and if he will make a statement on the matter. [17743/15]

Written Answers — Department of Finance: Pension Provisions (6 May 2015)

Michael McGrath: 169. To ask the Minister for Finance further to Parliamentary Question No. 57 of 7 November 2012, if he will confirm the arm's length and market value basis for the transaction involving the transfer of €1.1 billion of par value loan assets from the company's balance sheet to the pension fund; if he will specify the amount the bank was actually paid for the loan assets by the pension...

Written Answers — Department of Environment, Community and Local Government: Wind Energy Guidelines (6 May 2015)

Michael McGrath: 564. To ask the Minister for Environment, Community and Local Government if the recently put together Sustainable Energy Authority of Ireland wind atlas has been provided to An Bord Pleanála; if it will have an influence on the putting together of revised wind turbine guidelines; and if he will make a statement on the matter. [17752/15]

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Michael McGrath: Thank you, Chair. You're very welcome, Mr. Boucher. Thank you for your attendance. Can I just start by asking you, during your three years as CEO of retail financial services Ireland within the bank, what involvement would you have had during those three years in the lending to the land and property development sector?

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