Results 21-40 of 182 for data protection speaker:Michael McGrath

Written Answers — Department of Finance: Tax Data (23 Jan 2024)

Michael McGrath: ...available information for the years 2021, 2022 and 2023 is as shown in the table below. The information has been aggregated for the relevant years and for counties with low numbers of properties to protect taxpayer confidentiality. The data is provisional and may be subject to revision. Stamp Duty Section 31E - County Number of properties Dublin ...

Written Answers — Department of Finance: Departmental Data (17 Jan 2024)

Michael McGrath: As the Deputy will be aware, the General Data Protection Regulation (GDPR) and the Data Protection Act 2018 came into effect in May 2018 and formalised data sharing arrangements. This was subsequently supplemented by the Data Sharing and Governance Act 2019. In this context, I am informed by my Department that a schedule of the personal or person specific dataset as requested by the Deputy...

Seanad: Finance (No. 2) Bill 2023: Second Stage (28 Nov 2023)

Michael McGrath: ...specifically targeted at supporting the housing market and encouraging investment in start-up enterprises. Furthermore, it contains a number of administrative changes which primarily seek to protect and enhance the integrity of our taxation code. The Bill makes a number of changes to tax legislation to reflect recent international developments, with a large portion of the Bill dedicated...

Written Answers — Department of Finance: Banking Sector (28 Nov 2023)

Michael McGrath: A number of measures are in place to support households facing rising interest rates. In particular, the Central Bank has in recent years introduced a number of protections for variable rate mortgage holders which can help mortgage holders identify lower cost mortgage options. Firstly, it made changes to the Consumer Protection Code to require mortgage creditors to explain to borrowers...

Written Answers — Department of Finance: Insurance Coverage (23 Nov 2023)

Michael McGrath: ...maximising flood insurance capacity. Accordingly, €1.3 billion has been committed to the delivery of flood relief schemes over the lifetime of the National Development Plan to 2030. This will protect approximately 23,000 properties across various communities from river and coastal flood risk. This investment is complemented by a Memorandum of Understanding (MoU) between the...

Finance (No. 2) Bill 2023: Second Stage (24 Oct 2023)

Michael McGrath: ...and businesses, introduce new measures and amend existing measures specifically targeted at supporting the housing market and encouraging investment in certain businesses. It also contains a number of administrative changes and seeks to protect and enhance the integrity of our tax code. I look forward to bringing this important Bill through the Oireachtas over the coming weeks. For...

Written Answers — Department of Finance: Data Protection (17 Oct 2023)

Michael McGrath: The Deputy should note that my Department has a data breach management policy in place to ensure that any data breaches are dealt with as required under Articles 33-34 of the General Data Protection Regulation (GDPR). For operational security reasons, my Department is not in a position to provide any details of its cyber security systems, as it would be inappropriate to disclose information...

Written Answers — Department of Finance: Mortgage Interest Rates (11 Oct 2023)

Michael McGrath: Central Bank data published last month shows that, at end-June 2023, there were 712,347 private residential mortgage accounts for principal dwellings held in the State. The majority of these mortgage accounts (84%) are held by banks, with non-bank entities accounting for 16% of the total stock of PDH mortgage accounts. It should be noted that where a lender or creditor sells the benefits...

Financial Resolutions 2023 - Budget Statement 2024 (10 Oct 2023)

Michael McGrath: ...future safer for all. Today, I am announcing two major new funds: the Future Ireland Fund, with a potential to grow to over €100 billion by the middle of the next decade, will help to protect living standards and public services for current and future generations; and separately, €14 billion will be put aside in the Infrastructure, Climate and Nature Fund by 2030 to allow...

Written Answers — Department of Finance: Financial Services (10 Oct 2023)

Michael McGrath: The Central Credit Register is established by the Central Bank under the Credit Reporting Act 2013 (the Act). It is a database of information on loans and loan applications. The Act provides that Credit Information Providers (lenders) must submit information on loans where the loan is for €500 or more. Lenders must enquire on the Central Credit Register when considering a loan...

Ceisteanna Eile - Other Questions: Mortgage Interest Rates (5 Oct 2023)

Michael McGrath: ...in the Irish mortgage market, with the increased level of fixed-rate mortgages. A significant portion of new mortgages, some 85% in July of this year, are now fixed-rate mortgages. This will protect borrowers in the event of a rise in official and market interest rates, at least for the period that the interest rate is fixed. The review noted that there have been innovations in recent...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Mortgage Interest Rates (5 Oct 2023)

Michael McGrath: ...fixed interest rates, have fallen over the last number of years. For example, in December 2014, the average level of fixed interest rates for new lending was 4.11% compared with 4.04% in July 2023. The data also indicate that a significant portion of new mortgages, around 85% in July 2023, are now fixed-rate mortgages. This will protect borrowers in the event of a rise in official and...

Written Answers — Department of Finance: Legislative Measures (3 Oct 2023)

Michael McGrath: The Deputy may wish to note that this issue was addressed in the Financial Consumer Protection Roadmap which my Department published on 13th September. The revised Consumer Credit Directive will enter into force on the 20th day after its publication in the Official Journal of the EU. Member states will then have 2 years to adopt necessary laws and administrative provisions (transposition) and...

Written Answers — Department of Finance: Data Protection (3 Oct 2023)

Michael McGrath: My Department documents any personal data breaches that have occurred in the Department in accordance with its obligations under Article 33(5) of the General Data Protection Regulation (GDPR). According to records in my Department, there were no data breaches on the part of the Department between 2013 and 2018. The table below provides the number of data breaches by year since the...

Written Answers — Department of Finance: Financial Services (26 Sep 2023)

Michael McGrath: The Financial Consumer Protection Roadmap, which was published by my Department on 13 September, addresses this issue in the context of the consumer protection framework available in Ireland. A revised Consumer Credit Directive is at an advanced stage in the European legislative process. It was agreed between EU co-legislators earlier this year. The legislation will cover certain credit...

Written Answers — Department of Finance: Tax Data (26 Sep 2023)

Michael McGrath: ...to the question regarding the number of individuals who paid any amount of income tax, PRSI, USC, income levy or health levy in each year from 2007 to date, I am advised by Revenue that such data on individuals is not available as tax liabilities are assessed on a taxpayer unit basis. A taxpayer unit can consist of two individuals in cases where a couple who are married or in a civil...

Written Answers — Department of Finance: Dental Services (26 Sep 2023)

Michael McGrath: ...legislation as drafted and implemented provides sufficient flexibility for expenses that should qualify. There are no plans to change these arrangements at this time. In this regard, I note that tax relief for medical expenses is a commonly availed of relief – the most recent data (from 2021) highlights that (excluding nursing home fees) 567,900 taxpayer units availed of the...

Mortgage Interest Relief: Motion (20 Sep 2023)

Michael McGrath: ...; and - the Government has continued to act in response to the rising cost-of-living; and in February this year, a further package of supports worth €1.3 billion was introduced; acknowledges that: - there is a strong consumer protection framework in place for borrowers who may experience repayment difficulty due to rising interest rates or the cost-of-living more generally; -...

Written Answers — Department of Finance: National Asset Management Agency (13 Jul 2023)

Michael McGrath: ...disclosing taxpayer-specific information to third parties unless this is specifically provided for in legislation. Therefore, I can only refer to publicly available information. The latest data available for the estimated value of the relevant banks’ deferred tax assets is from their 2022 annual reports. According to their year-ended 31 December 2022 financial statements, the...

Written Answers — Department of Finance: Departmental Schemes (13 Jul 2023)

Michael McGrath: ...programme is to build a bench strength of high potential Bank Executive-level talent in regulation and central banking as well as difficult to acquire skills in niche areas such as IT & Data Analytics who have the potential for future growth and progression. The programme is 3 years in length which includes 2 x 18 month rotations. Graduates can apply to 3 streams: Actuarial, Data,...