Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

My final question is for the Central Bank representatives. How can we be reassured that this situation will not occur again? This is not the first time that ordinary policyholders have been hit by losses incurred in the insurance industry. It also happened in the past with PMPA. Has the Central Bank reviewed how it regulates and deals with insurance companies to ensure such losses are not allowed to accumulate?