Oireachtas Joint and Select Committees
Thursday, 21 November 2019
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Dual Pricing for Insurance: Discussion (Resumed)
Kieran O'Donnell (Fine Gael) | Oireachtas source
Mr. O'Leary is missing my point. If that manifests itself by someone issuing a press statement and price signalling, as far as I am concerned, in substance, they are the same thing. There is a danger. To put it this way, if I can turn a criminal offence into a civil offence, I am a much happier person, so I might mask a cartel as being price signalling. How can the CCPC differentiate between the two? If it is regarded as price signalling, as far as I am concerned, the CCPC can spend as much time as it wishes investigating but, at the end of the day, the companies can whistle "Dixie" to it because it has no impact. They will get a tap on the wrist and be told they are bold boys, or whatever, but there are no other implications for them. Many of the public believe there is a cartel in place. How can the CCPC distinguish between the two? It appears to me the action on price signalling has no impact.
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