Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

It was clear that the Central Bank had concerns going back to September. Over a two-month period between September and November, the Central Bank appears to have carried out an inspection at Setanta, including contacting the Maltese financial services authority about insolvency. There was also an inspection of Setanta in Ireland and, in November 2013, the Central Bank contacted the Maltese financial services authority to share its findings. At that point, could the Central Bank have issued a direction to brokers in Ireland to issue no further Setanta policies? Did the Central Bank have those powers?