Oireachtas Joint and Select Committees

Wednesday, 9 July 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Collapse of Setanta Insurance: Central Bank and Department of Finance

4:10 pm

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

While the Central Bank does not engage in prudential supervision, it has used whatever power it had to go in and find out what was under the hood of the company, which really sparked the alarms in terms of Malta, even though it knew for two years that the company was below its additional buffer. Is that fair to say?

Comments

No comments

Log in or join to post a public comment.