Oireachtas Joint and Select Committees
Wednesday, 24 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. William Beausang:
That was the equivalent of the capital requirements directive for the insurance sector, so it was an EU directive unrelated to the banks. It was trying to put in place a similar risk-based approach to the determination of insurance sector regulation. So it is not related to the terms of reference of this inquiry.
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