Colm Burke (Cork North Central, Fine Gael)
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Quinn Insurance was about one of the things that one needs to have. One needs to have a fund available so that if there are claims, there are moneys there to meet those claims. Surely it is the job of an auditor to make sure. The same as when the Department is looking at the banks, it has to make sure the banks that are under the Department's jurisdiction have adequate security for anything that they are lending out. Likewise, an insurance company, and the auditors attached to an insurance company, should have that role of making sure there are adequate funds there to meet claims. In this case, there was not.