Results 19,821-19,840 of 27,945 for speaker:Michael McGrath

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Michael McGrath: In the actual scenario, with the information available at the time, he is saying they should have taken the bank into public ownership with a partial guarantee on future debts, changed the management and used emergency liquidity assistance to work it out over time.

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Michael McGrath: Does he take the view that his report and letter of 12 February are consistent in that regard?

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Michael McGrath: Does he accept that his evidence in public session last January was not very clear and may have given a misleading impression?

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Michael McGrath: In regard to the letter that he sent, the Governor clarified the question on the statutory powers of the Central Bank. Is he satisfied that both the Central Bank, which he dealt with specifically in this letter, and the Financial Regulator had adequate statutory powers to intervene to deal with the build up of losses, the extent of the lending to the property sector, and so forth?

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Michael McGrath: In regard to the reference to Anglo and the figure of €8.5 billion in the note from September 2008, is 25 September the correct date?

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Michael McGrath: That is handwritten on it.

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Michael McGrath: It states: "D Doyle noted that Government would need a good idea of potential loss exposures within Anglo and INBS - on some assumptions INBS could be 2bn after capital and Anglo could be 8½.". Does Professor Honohan view that as evidence that people in senior positions knew there was a potential capital shortfall in Anglo and INBS, and were even at that stage speculating on the...

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Michael McGrath: Can I ask a question?

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Michael McGrath: It is along the lines of where Deputy Higgins was going with his questioning. When Professor Honohan came before us in January, he was asked directly what the bank guarantee cost. He initially said €40 billion and when I contributed I asked him if he meant that this was the cost of the guarantee or the cost of rescuing the banks. Professor Honohan thanked me for correcting him, as...

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Michael McGrath: So that means €4 billion to €8 billion could have been avoided.

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Michael McGrath: The question is that it was widely reported at the time in the media that the bank guarantee decision cost €40 billion. Can Professor Honohan now say in his opinion what additional costs accrued because of the bank guarantee?

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Michael McGrath: The question is: of what-----

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Michael McGrath: It is a relative figure.

Written Answers — Department of Finance: Ministerial Appointments (10 Mar 2015)

Michael McGrath: 195. To ask the Minister for Finance his plans to appoint an additional public interest director to the board of Bank of Ireland; and if he will make a statement on the matter. [10030/15]

Written Answers — Department of Finance: Tax Reliefs Cost (10 Mar 2015)

Michael McGrath: 203. To ask the Minister for Finance the cost of allowing the full adult ceiling of €1,000 for private medical insurance qualify for tax relief at 20% for all adults aged 21 years and over, regardless of whether they are availing of a reduced premium; and if he will make a statement on the matter. [10126/15]

Written Answers — Department of Finance: Tax Collection (10 Mar 2015)

Michael McGrath: 206. To ask the Minister for Finance the circumstances in which a significant number of old age pensioners were recently overcharged tax as a result of an error in the processing of tax credits; and if he will make a statement on the matter. [10149/15]

Written Answers — Department of Finance: Tax Yield (10 Mar 2015)

Michael McGrath: 217. To ask the Minister for Finance the amount of value added tax received by the Revenue Commissioners in each of the years 2011, 2012, 2013 and 2014 from the sale of residential properties; and if he will make a statement on the matter. [10381/15]

Written Answers — Department of Jobs, Enterprise and Innovation: Consumer Protection (10 Mar 2015)

Michael McGrath: 247. To ask the Minister for Jobs, Enterprise and Innovation the rules that govern the accuracy and authenticity of advertisements in the print media, including, for example, the Golden Pages; and if he will make a statement on the matter. [10338/15]

Written Answers — Department of Jobs, Enterprise and Innovation: Enterprise Support Schemes (10 Mar 2015)

Michael McGrath: 249. To ask the Minister for Jobs, Enterprise and Innovation the State enterprise body that a business (details supplied) with an expansion opportunity should make contact with for support; the supports that may be available in this case; and if he will make a statement on the matter. [10417/15]

Written Answers — Department of Environment, Community and Local Government: Voluntary Housing Sector (10 Mar 2015)

Michael McGrath: 546. To ask the Minister for Environment, Community and Local Government if voluntary housing bodies are allowed by his Department to enter into contractual arrangements committing them to purchasing residential units prior to the units being constructed; the reason for the current rule; and if he will make a statement on the matter. [10484/15]