Oireachtas Joint and Select Committees
Thursday, 19 October 2017
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Engagement with the Central Bank of Ireland
9:30 am
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
I do not want to be rude but I am not clear about this. I have discussed a number of letters at this committee about the dysfunctionality of the insurance industry. One letter from the Central Bank to the Minister for Finance states that an insurance company provided false information to the Central Bank. It goes on to state that the Central Bank was powerless to act in this regard. There is a lacuna in the law as a result.
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