Oireachtas Joint and Select Committees
Wednesday, 1 April 2015
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Setanta Insurance Liquidation: Discussion
2:00 pm
Mr. Seán Quigley:
If the court determines that the insurance compensation fund, ICF, is the only payee, then it is not a question of whether the €96 million is sufficient because there could be other claims against that from any of the other parties and ones that we do not know about at this stage. If the fund has a liability and there are not sufficient funds available, the Minister, in consultation with the Central Bank, can put extra funds into it.