Oireachtas Joint and Select Committees

Thursday, 16 February 2017

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

Report on Cost of Motor Insurance: Minister of State at the Department of Finance

9:30 am

Photo of Eoghan MurphyEoghan Murphy (Dublin Bay South, Fine Gael) | Oireachtas source

Absolutely, if one were to go down this route, as they have done in the United Kingdom, there is absolutely clear separation between the money that would go into the entity and the actual operational powers and the decisions that get taken on a daily basis. One would absolutely have to have, not just a Chinese wall, all sorts of protocols and everything else in place to keep them separate.

The Deputy makes a strong case against it. This is a debate that we had internally. It has been seen to work in the UK and on that basis I believed it merited further consideration. That is the reason it is in the report.

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