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

Mr. Hession spoke at length about the preventive arm of the framework to ensure that a company does not go belly up. While we may be one of the unique countries to have an insurance fund, it is of little comfort at this point to claimants with Setanta Insurance because they are not clear as to who will meet their claims. Maybe it is premature, given that legal clarity is required around certain issues, but we need to streamline the system to ensure if something happens like this in the future, we will not be in a situation into the second year where the courts have to decide on key issues which we were told were resolved last year.

Is it the understanding of the delegation that the MIBI got legal opinion itself on its own initiative to suggest that it should not be included in the scheme?