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
Paddy Burke (Fine Gael) | Oireachtas source
Dr. Roux said earlier that the bank cannot advise shareholders what to do, but in that way the shareholders can accumulate losses. At what stage does the bank intervene and point out that they are trading recklessly, if they are racking up many losses? Does it issue warnings and has it imposed sanctions on companies? At what stage does it intervene to point out that they are trading recklessly?
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