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:

No. To be fair, that puts a question mark over the whole EU framework whereby we are obliged to recognise firms that are authorised in other countries. Each supervisory authority is recognised as such. The issue of whether consumers should be more aware of the insurance compensation fund and their entitlement under that fund is a fair point.