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

2:55 pm

Mr. Pat Casey:

Unless a claim was fully settled before the liquidator is appointed, the liquidator is then responsible for the orderly liquidation of the company and how that is managed, including all claims and settlements. I set out in my opening statement the role of the ICF and the limitations on its ability to fund. Proceedings will be subject to those legal requirements.