Paul Murphy (Dublin South West, Anti-Austerity Alliance) | Oireachtas source

I will return to the point about data. Listening to the earlier words of the witnesses, one would get the impression that things are very transparent but then they rowed back a little bit from that. Mr. Thompson referenced the report for 2013, that came out in October 2015. In this report, the Central Bank stated that in the context of the data provided it was not possible to obtain a comprehensive assessment of all costs and revenues in the industry. It talks about the weaknesses of the data which are provided but that is the witnesses' example of transparency. Mr. Horan then said he agreed and that there would be a scoping exercise on giving more data. Why should people believe him? In 2002, the MIAB report executive summary stated that it had not been the board's experience that insurers had willingly provided all material information. Ms Dorothea Dowling made the point today that she did not get co-operation from the industry in terms of data. Why on earth should we believe that will change?