Seán Sherlock (Cork East, Labour) | Oireachtas source

We live in the political world. With all due respect, I am not satisfied with hearing that speed is the friend of success. The people watching this want to know. The commission is a statutory body and one of the commissioners, Mr. Kenny, is before the committee. Can Mr. Kenny give us a timeframe by which the investigation will be completed? What could the outcome potentially be after the investigations? If the commission makes findings against the insurance industry, what recourse does the commission have? Mr. Kenny has not given us a timeline. He has said months but we need to be more definitive. If it runs to court proceedings after that, then this could conceivably take years. I am pressing Mr. Kenny because if we have to wait for the CCPC to make a determination but the industry has already signalled a 20% increase for next year, then it seems to me the firms are not going to stop that increase pending the investigation the commission intends to carry out. Therefore, the consumer will still end up paying more. Not only will the consumer be subject to the 2016 increases, he will also be front-loaded with 2017 increases as well while this investigation is going on. Can the commission stop the increases while the investigation is going on?