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Michael McGrath, Spokesperson on Finance

Michael McGrath

Working for a better future

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Constituency

Cork South Central

Contact

Constituency Office, Main Street, Carrigaline, Co Cork. 
Tel: 021-4376699 (Office 9-5pm)

www.michaelmcgrath.ie

Email

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Personal Details

Born August 1976, Michael is originally from Passage West. He lives in Carrigaline with his wife Sarah and their five children.

Local News

Being named online will deter distressed borrowers availing of insolvency service – McGrath

Posted 20/05/13

Minister confirms register of debt arrangements will appear on Insolvency Service website Read More | Share

Banking Inquiry must be focused on full facts, not party politics – McGrath

Posted 10/05/13

Fianna Fáil Finance Spokesperson Michael McGrath has said any Oireachtas banking inquiry should deal with the root causes of Ireland’s banking collapse as well as the decision taken on the night of the bank guarantee. Read More | Share

Banks must be required to state impact on range of products of ECB rate changes – McGrath

Posted 07/05/13

Fianna Fáil Finance Spokesperson Michael McGrath has said that, each time the ECB changes its benchmark interest rate, the banks should be required by the Central Bank of Ireland to make a statement on the impact, if any, on the full range of products offered by the bank. Read More | Share

AIB / EBS rate hike another hammer blow for distressed mortgage holders – McGrath

Posted 24/04/13

Fianna Fáil Finance Spokesperson Michael McGrath has said the decision of AIB and EBS to increase variable mortgages rates is another hammer blow for distressed mortgage holders which will damage the economy and push more families into mortgage arrears. Read More | Share

Cruel property tax rules for people with disability a disgrace and must be revisited – McGrath

Posted 24/04/13

Fianna Fáil Spokesperson on Finance Michael McGrath TD has called on the Minister for Finance to change the rules governing the application of the property tax to persons with a disability who have had adaptation works carried out to their homes. Read More | Share

Split mortgage model must be standardised as approach by banks differs dramatically – McGrath

Posted 22/04/13

Fianna Fáil Spokesperson on Finance Michael McGrath TD has said the Central Bank must intervene to remove the dramatic differences in the split mortgage offers being made by different banks to borrowers. At present, a Bank of Ireland split mortgage customer will pay tens of thousands of euro more than an AIB customer for example. Read More | Share

Focus must now shift to ESM deal for Irish Banks – McGrath

Posted 12/04/13

Fianna Fáil Spokesperson on Finance, Michael McGrath TD, has reacted to today’s announcement by Eurozone Finance Ministers that there will be a 7-year extension of loans from the EFSF to Ireland. Read More | Share

Revised Code of Conduct on Mortgage Arrears must not dilute rights

Posted 12/04/13

Fianna Fáil has today published the party’s submission to the Central Bank on the Review of the Code of Conduct on Mortgage Arrears and has called on the Central Bank not to implement some of the proposed changes which the party believes will alter the balance of power in favour of the banks at the expense of distressed borrowers. Read More | Share

McGrath welcomes confirmation Financial Ombudsman will get power to publish complaints record

Posted 08/04/13

Fianna Fáil Finance Spokesperson Michael McGrath TD has received confirmation from Finance Minister Michael Noonan that the Financial Services Ombudsman (FSO) will be given the power to publish the complaints record of individual financial service providers. Read More | Share

FF calls for Noonan statement on Moran’s Barclay / McKillen emails

Posted 07/04/13

Fianna Fáil has called on the Minister for Finance Michael Noonan to make a statement on reports that the current Secretary General of the Department of Finance John Moran involved himself in email correspondence in 2011 with a representative of the Barclay brothers concerning Paddy McKillen's banking relationship with IBRC and offered assistance to the Barclay brothers in their quest to acquire Mr McKillen's loans from the bank. Read More | Share

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Political Record

Current Spokesperson on Finance.

Michael was first elected to local government in 1999 as a member of Passage West Town Council, and subsequently secured a Cork County Council seat in 2004.

In February 2005, Michael resigned from a senior finance post in UCC to concentrate on his role as a public representative. Michael is a UCC Commerce graduate and qualified as a Chartered Accountant with KPMG in Cork City. He also gained commercial experience in the private sector as a financial controller of a medium sized Cork business.

In 2007, Michael was elected to the Dáil for Cork South Central. He is a member of the Public Accounts Committee. He has been appointed as Fianna Fáil Spokesperson on Financial Sector Reform.