Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

This is a nice fluffy phrase but the Central Bank is the regulator of these insurance companies. We have seen insurance companies go bust and the Irish people having to pick up that tab. We have seen insurance companies under the Central Bank's watch erode their capital base. When did it dawn on the Central Bank that insurance companies were acting imprudently in their underwriting and pricing?