Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

According to the reply, with regard to RSA, the programme of inspection included eight on-site inspections over a two year period and ongoing meetings with the key role holders. The reply also states the Central Bank carried out an on-site review of claims cases in RSA in August 2013 and at this point identified an issue with delays in increasing case reserves for large claims in a timely manner. The audit results then came in from RSA in early November and immediate action was taken by RSA in consultation with the Central Bank. The Central Bank is happy it has a full handle on the issue and it has committed that if there are other discrepancies, the obligation to fund will be with RSA's parent company in the United Kingdom, not with the Irish Government or any Irish fund of any sort.

See this speech in context