Oireachtas Joint and Select Committees

Thursday, 6 October 2016

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Rising Costs of Motor Insurance: Discussion (Resumed)

10:00 am

Photo of Paddy BurkePaddy Burke (Fine Gael) | Oireachtas source

I welcome the delegation. Dr. Roux stated, "the Solvency II directive squarely places the sole responsibility of financial supervision of foreign firms on foreign regulators, and prescribes that the home state regulator verifies for the entire business the state of solvency, its assets and its technical provisions". Do all those regulators meet annually or how often do they meet?

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