Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

With regard to the numbers, assuming that the higher claims estimate of €112.9 million is more accurate and that the 22% liquidator's estimate of what he can cover is accurate, the net additional cost will be of the order of €15 million rather than €40 million, provided that the liquidation delivers what is expected based on the actuarial report.

I refer to the issue I raised a while ago, which is the six-month cycle currently in place for the Insurance Compensation Fund to go to the High Court for approval to issue payments. People in some cases have been waiting three and a half years to have their claims settled, and they deserve to know now whether they will all be completely done and dusted and fully paid in 2018.

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