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
Deputy Pearse Doherty referred to insurance companies and how they invest their reserves. Some concern has been expressed about the banking sector throughout the world. Does Dr. Roux have any concerns about insurance firms and where they invest their reserves in respect of the banks? Some of them are looking for growth and buying junk bonds to a great degree. This could destabilise the whole insurance market again. Does Dr. Roux agree? Is he concerned about it?
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