Results 19,321-19,340 of 27,945 for speaker:Michael McGrath
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland: Allied Irish Banks (22 Apr 2015)
Michael McGrath: Mr. Duffy refers to a period of a month or two. Will that be close to the publication of interim results?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland: Allied Irish Banks (22 Apr 2015)
Michael McGrath: Is Mr. Duffy reasonably optimistic that variable rate mortgage customers may benefit from a rate cut?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland: Allied Irish Banks (22 Apr 2015)
Michael McGrath: Why is the level of switcher mortgages so low or "minimal" as the bank described it? We need a market in which banks try to persuade customers of other banks to switch their mortgage to them. This is how one creates dynamism and competition in the banking system.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland: Allied Irish Banks (22 Apr 2015)
Michael McGrath: Does the bank have a view on the proposed reduction of the discharge period from bankruptcy in Ireland?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland: Allied Irish Banks (22 Apr 2015)
Michael McGrath: I wish Mr. Duffy well in his future challenges.
- Written Answers — Department of Finance: Tax Reliefs Eligibility (22 Apr 2015)
Michael McGrath: 58. To ask the Minister for Finance if he will consider extending tax relief on dental expenses to include routine dental work, in view of the reduction in benefits under the treatment benefit scheme; and if he will make a statement on the matter. [15876/15]
- Written Answers — Department of Finance: Tax Reliefs Eligibility (22 Apr 2015)
Michael McGrath: 59. To ask the Minister for Finance the estimated cost of extending tax relief on dental expenses to include routine dental work; and if he will make a statement on the matter. [15877/15]
- Written Answers — Department of Environment, Community and Local Government: Housing Adaptation Grant Applications (22 Apr 2015)
Michael McGrath: 161. To ask the Minister for Environment, Community and Local Government if he will provide, for each local authority, the number of applications for housing adaptation grants for necessary works to the homes of council tenants that are currently awaiting funding from his Department; and if he will make a statement on the matter. [15842/15]
- Written Answers — Department of Environment, Community and Local Government: Mortgage to Rent Scheme Applications (22 Apr 2015)
Michael McGrath: 163. To ask the Minister for Environment, Community and Local Government the position regarding an application under the mortgage to rent scheme in respect of a person (details supplied) in Cork city; and if he will make a statement on the matter. [15878/15]
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Michael McGrath: Thank you very much Chair and I'd like to welcome Mr. Daly and Mr. McDonagh here today and thank them for their opening statements. If I can just start, I suppose, standing back from the detail, Mr. McDonagh in particular, one of the issues that we are tasked with examining is to assess the appropriateness and the effectiveness of the policy responses to the crisis and the establishment of...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Michael McGrath: As I mentioned there, the purchasing of the loans by NAMA resulted in €42 billion of losses hitting the accounts of the banks, you know, pretty much immediately. That hole then had to be plugged by way of taxpayer recapitalisation. In terms of the overall performance of NAMA, what you're saying is that you will pay back your €31.8 billion of debt, you'll cover your operating...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Michael McGrath: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Michael McGrath: I'll move on, if you don't mind, Mr. Daly. Can I raise the issue of interest roll-up? Because a figure of €9 billion is quoted in the core documents volume 1, question 7, which you ... which was returned. That's quite a staggering figure - €9 billion of interest roll-ups. Can you explain to us in practice how that occurred? Does it mean that many loans were not being repaid...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Michael McGrath: Was anything repaid on those loans or was it all just being rolled up?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Michael McGrath: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Michael McGrath: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Michael McGrath: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Michael McGrath: And in the interim would the banks have regarded those loans as being performing-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Michael McGrath: -----because no payments were due?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Michael McGrath: But not a cent was being repaid for those loans.