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
3:30 pm
Pearse Doherty (Donegal South West, Sinn Fein)
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So it is fair to state that the Irish directors of this Irish company established it in Malta because if they had set it up here, they would have been obliged to set aside a buffer which is three times greater than that which is required by the Maltese authorities.