Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

Following on from Deputy Doherty's question, the Irish Brokers' Association said that the same treatment should have been applied to the customers and policy holders of Setanta that was applied to Quinn Insurance, but that was not the case, and that in the case of Quinn Insurance, policy holders got a clear commitment that there would be no loss. What is stopping us from doing that? Is it just because the company was in Malta? If that is the case, I put it to the witnesses that this is crazy. We say the regulatory failure was because the company was in Malta and it was the one responsible, but the ICF picks up the tab anyway. We pay the bill and the company did all its business here but the policy holders do not get the same treatment as people affected by the Quinn Insurance case did. Is not unfair and inconsistent? Can anything be done about it?