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
4:20 pm
Mr. Antoine MacDonncha:
The purpose of the harmonisation of rues across the EU and directives such as Solvency II, Directive 2009/138/EC, is to give that assurance to people that we set minimum standards, that those standards should be applied evenly in every jurisdiction and that, irrespective of which jurisdiction somebody is regulated in, they should be subject to those same minimum requirements.