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. Bernard Sheridan:

What we had last September was a very general concern about there possibly being something wrong with the company. We escalated that to the appropriate authority and we have indicated the response it came back with. We could have taken the position at that point that our job was done, the Maltese authorities were clearly responsible and we had no role in the financial supervision of the company in question. However, because of our concern-----