Oireachtas Joint and Select Committees
Thursday, 15 September 2016
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Rising Cost of Motor Insurance: Discussion (Resumed)
11:00 am
Seán Sherlock (Cork East, Labour) | Oireachtas source
Mr. Kenny used the analogy of the smoke-filled rooms. If one fast-forwards to modern language, it is air-conditioned rooms in glass towers, on the 15th floor, but it is the same type of behaviour, where an influence is being brought to bear on the market in the context of pricing. Whatever way one parses the language, what Mr. Kenny is essentially telling us, on behalf of a statutory agency or body, is that there is a concern about cartel-like behaviour. Let us not be too prescriptive on the word "cartel" as Mr. Kenny has elucidated it to us. That is de factocartel-like behaviour, where one is influencing the price determination for a project.
No comments