Oireachtas Joint and Select Committees
Thursday, 20 April 2023
Public Accounts Committee
2020 Report of the Comptroller and Auditor General: Chapter 14 - Assessment and Collection of Insurance Compensation Fund Levies (Resumed)
Report on Administration and Movement of the Insurance Compensation Fund for the year ended 31 December 2021 (Resumed)
Comptroller and Auditor General Section 2 Report on Unauthorised release of funds from the Central Fund of the Exchequer (Resumed)
9:30 am
Brian Stanley (Laois-Offaly, Sinn Fein)
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Going back to Quinn Insurance, there was a €1.1 billion hole in its finances when it collapsed. The Central Bank was the regulator prior to that. Some of the briefing documents outlined when the Central Bank realised there was financial instability, which would appear to be around 2008. Is that correct?