Oireachtas Joint and Select Committees
Wednesday, 10 October 2012
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Quinn Insurance and Insurance Compensation Fund: Discussion
3:40 pm
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source
On the issue of the failure of regulation, the explanation given by Mr. Cullinan is it had to do with under-resourcing and the lack of powers and he has stated these issues are being addressed. Did the Central Bank complain, publicly or privately, about its lack of power and resources in supervising adequately sectors such as the insurance sector or other sectors that were chronically unregulated?
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