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

4:10 pm

Mr. Bernard Sheridan:

I am not aware that we looked into it. We have specific requirements imposed on brokers in the area of conflicts of interest in terms of avoiding and disclosing them. There is an overriding requirement in the code that they must act in the customer's best interest. We have no evidence and have not investigated that.