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

Mr. Gabriel Makhlouf:

Yes, you are referring to differential pricing and price walking. We introduced new regulations last year but they have not run for a full year yet. It would be important to see them operate in practice, but subject to seeing the evidence of what actually happens, I am satisfied that we went through a pretty thorough exercise and came out with some changes which did strike the right balance. Obviously, we are going to keep this under careful review, to see what happens as the regulations become more established and if we need to make changes, we will do so.