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

Mr. Domhnall Cullinan:

Forgive me, I should have answered that. I am afraid I do not have much of an answer for the Deputy in that regard as at that time, prior to the crisis, I was not in a position where I would be demanding such things in respect of resources within the Central Bank. Certainly, in my own personal capacity, I absolutely raised the issue of resources in the context of my ability, as a member of the insurance supervision team, to supervise the extent of companies we were obliged to supervise and to do so adequately. While I am aware this was passed further up the line, beyond that I simply do not have the knowledge to state where it went after that point.

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