Oireachtas Joint and Select Committees

Thursday, 1 June 2017

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

Motor Insurance Costs: Minister of State at the Department of Finance

10:00 am

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

I said earlier that ten meetings have already been held with regard to the initial data sets that are being built. Progress has been made on the legislation and specifically the heads of the Bill that must be introduced, as this must be on a legislative footing. When the Chairman published the committee's report, it was all about data, lack of transparency and needing to bring data to a number of areas. This was perhaps the most crucial area because it covers the 70% that we have no sight over. It is a key priority for us and everything is on track currently. It will require additional resources of the Central Bank and a change of mandate. We will work through that and ensure there are no delays on our side.

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