Oireachtas Joint and Select Committees
Wednesday, 4 May 2022
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
General Scheme of the Judicial Council (Amendment) Bill 2021: Discussion
Ms Moyagh Murdock:
The Government's Bill will achieve the same outcome that the Deputy desires. The NCID is a robust data collection repository which can be continually reviewed as is being done with it being updated. Having two parallel streams will bring significant cost and resource requirements, not just on the insurance industry but also on the Central Bank. Those costs will need to be absorbed somewhere. I am trying to achieve getting information in as quickly as possible.
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