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

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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