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
2:45 pm
Michael McGrath (Cork South Central, Fianna Fail)
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Which would be a high claim. Assuming that the vast majority will be lower than that threshold, 35% of any claim will not be met. If the money is not available through the liquidation process and the claim lands on the ICF's desk, 35% cannot be paid.