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

It is the Central Bank of Ireland's job to protect the interests of Irish policyholders. That is one of its functions, whereas protection of Irish consumers is not a priority for the Maltese authorities. The Central Bank had concerns about this company which were subsequently strengthened, yet no action was taken to alert consumers. Surely some of the losses that have arisen could have been avoided if that had been done?