Oireachtas Joint and Select Committees
Wednesday, 9 July 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Collapse of Setanta Insurance: Central Bank and Department of Finance
4:10 pm
Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source
While the Central Bank does not engage in prudential supervision, it has used whatever power it had to go in and find out what was under the hood of the company, which really sparked the alarms in terms of Malta, even though it knew for two years that the company was below its additional buffer. Is that fair to say?
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