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

4:00 pm

Mr. Mick Stewart:

This is the nub of the question. Our concern at the beginning was that the firm was under-reserved. It did not have €35 million because the reserves were smaller than they should have been.