Kieran O'Donnell (Limerick City, Fine Gael)
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Will Mr. Mercieca ensure his review is expedited as quickly as possible? Will he pursue the beneficial owners of Setanta Insurance in the interests of the 75,000 policyholders in Ireland, many of whom had private motor insurance policies? Will he advance the proceedings as quickly as possible in terms of the High Court review in order that the claimants in the Setanta liquidation are paid their entitlements as quickly as possible? This issue has gone on for too long. We must ensure something like this never happens again. As a committee this is an issue we will be pursuing but in terms of regulation we have to look at the situation in terms of companies like Setanta Insurance which are in effect operating onshore but being regulated offshore. That is an issue to which we need to give careful consideration to ensure this never happens again.