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

3:50 pm

Photo of Joe HigginsJoe Higgins (Dublin West, Socialist Party)
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Did I hear correctly that the claims submitted so far amounted to approximately €35 million? How much would a company normally have to hold in reserve in banks to provide for such an eventuality? Can we have a rough estimate of how much should be held in the bank?