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

2:35 pm

Mr. Bernard Sheridan:

To be fair to the brokers, I do not think they are in a position to rank or rate the supervisory frameworks within each country. They are entitled to rely upon the fact that it is an EU insurance company, regulated under EU law.