Ciara Conway (Waterford, Labour)
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It relates to European-wide regulation. I understand what has been said and that we have been to the fore in trying to influence practice, but given what the European markets have been through in the past few years, it is staggering that regulators do not yet interact with each other. How many other insurance companies like Setanta Insurance are there in Ireland? I understand most insurance companies here are not Irish owned. Am I correct in thinking FBD is the only Irish-owned and operated insurance company in the country? If financial regulators across Europe are not interacting with each other, how many more customers will be impacted on and how many more difficulties will we encounter?