Oireachtas Joint and Select Committees

Wednesday, 26 May 2021

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Developments in the Insurance Industry: Discussion (Resumed)

Mr. John Power:

Clearly, the Deputy paints a bleak picture. Things are bleak enough, certainly, but there is good news also.

We talked about Grenfell Tower and Carillion. We have learned in this country from what happened in the Celtic tiger era. The Building Control (Amendment) Regulations are a tremendous example of a significant and positive move forward. We need more of that to recognise what the problems are. If we begin to implement things like that into the future, we will come through this.