Ciarán Lynch (Cork South Central, Labour)
Link to this: Individually | In context | Oireachtas source

To help Deputy Boyd Barrett, the safety net is the same regardless of who owns the company, but the risk of falling into a safety net seems to vary from jurisdiction to jurisdiction because prudential management varies from one to the other. I suppose the top-line concern here is that, as Deputy Boyd Barrett indicates, if I buy a product in the morning, I might be getting the same windscreen and tow rate cover and the same comprehensive insurance but the prudential management of the company I am taking out insurance with is risk-weighted based upon the jurisdiction it is in. In terms of consumer protection, how do I as a consumer know that this product is prudentially sounder than the other product? How do we get to that place where consumers have that level of protection?