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
Mr. Ed Sibley:
Under Solvency II, insurance firms have very onerous regulatory reporting requirements in terms of the information they must provide to us. This is undertaken on a regulatory footing so if there is a failure to report or inaccurate reporting, it would be a matter for enforcement. Over a number of years, we have taken action relating to firms that have misreported.
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