Oireachtas Joint and Select Committees

Wednesday, 9 July 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Collapse of Setanta Insurance: Central Bank and Department of Finance

2:25 pm

Mr. Bernard Sheridan:

I am not sure whether anything makes it unique. To be honest, I believe the standards between the two countries were quite similar. However, the standards are heavily dependent on what figures firms are plugging in to meet the standards. That has been the main issue in this regard.