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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That is unacceptable. Ten weeks ago, the Minister stated on the record of the Dáil that the MIBI was accepting third-party claims in respect of Setanta Insurance. Now, Mr. Casey is telling the finance committee that he does not know and that the MIBI is taking legal advice and will clarify the matter shortly. This is not good enough. There are people who do not know where they stand. They are contacting Deputies. Presumably, they are also contacting the Central Bank. It is not fair.