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
2:45 pm
Michael McGrath (Cork South Central, Fianna Fail)
Link to this: Individually | In context | Oireachtas source
The Central Bank had concerns in September. It met Setanta Insurance in November about those concerns and carried out an inspection, which apparently strengthened its concerns.
However, the Central Bank did not fulfil its responsibility to Irish policyholders - through its regulatory role, for code of business purposes - by letting them know it had those concerns.