Results 681-700 of 5,587 for speaker:Kevin Humphreys
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quinn Insurance and Insurance Compensation Fund: Discussion (10 Oct 2012)
Kevin Humphreys: Has the Central Bank made a report to a self-regulating body?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quinn Insurance and Insurance Compensation Fund: Discussion (10 Oct 2012)
Kevin Humphreys: Does Mr. Cullinan think it is satisfactory that it is a self-regulating body considering what has happened in this country?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quinn Insurance and Insurance Compensation Fund: Discussion (10 Oct 2012)
Kevin Humphreys: Yes. Does the Central Bank think it is appropriate?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quinn Insurance and Insurance Compensation Fund: Discussion (10 Oct 2012)
Kevin Humphreys: Thank you, Chairman.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quinn Insurance and Insurance Compensation Fund: Discussion (10 Oct 2012)
Kevin Humphreys: It has been highlighted that a problem could arise in that regard that must be clarified.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quinn Insurance and Insurance Compensation Fund: Discussion (10 Oct 2012)
Kevin Humphreys: Yes, but wherever it falls we must address it. Quinn Insurance Limited, QIL, was operating in the insurance market in England. What regulation did the United Kingdom authorities impose when dealing with QIL?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quinn Insurance and Insurance Compensation Fund: Discussion (10 Oct 2012)
Kevin Humphreys: When the UK authorities highlighted this to the Central Bank, we should have been much more vigilant.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quinn Insurance and Insurance Compensation Fund: Discussion (10 Oct 2012)
Kevin Humphreys: It is more of a statement. On the liabilities regarding the company's activities in the UK, would it have been good practice to hold the money in sterling for the liabilities when policies were taken out? What would be the norm in that regard?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quinn Insurance and Insurance Compensation Fund: Discussion (10 Oct 2012)
Kevin Humphreys: We were doing the top-up. It was mentioned in the report that the 20 subsidiaries were dealt with as a reserve but there was no regulation within those. Has that gap been closed or is it intended to close it?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quinn Insurance and Insurance Compensation Fund: Discussion (10 Oct 2012)
Kevin Humphreys: It is not good practice. It is not the norm to see those kind of entities being used in this manner.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quinn Insurance and Insurance Compensation Fund: Discussion (10 Oct 2012)
Kevin Humphreys: Did they take the bank's concerns on board at that time?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quinn Insurance and Insurance Compensation Fund: Discussion (10 Oct 2012)
Kevin Humphreys: This is not where my expertise lies but Mr. Cullinan said they formed a sub-committee to examine the 20 subsidiary companies. Were the delegates happy enough with the formation of the sub-committee to examine this?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quinn Insurance and Insurance Compensation Fund: Discussion (10 Oct 2012)
Kevin Humphreys: When was the sub-committee set up?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quinn Insurance and Insurance Compensation Fund: Discussion (10 Oct 2012)
Kevin Humphreys: How much of the assets were turned into liquid assets?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quinn Insurance and Insurance Compensation Fund: Discussion (10 Oct 2012)
Kevin Humphreys: Is that when Mr. Cullinan became aware of the matter?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quinn Insurance and Insurance Compensation Fund: Discussion (10 Oct 2012)
Kevin Humphreys: I thank the delegation.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quinn Insurance and Insurance Compensation Fund: Discussion (10 Oct 2012)
Kevin Humphreys: I welcome Deputy Stanley, who has joined the committee. I believe this is his first meeting.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quinn Insurance and Insurance Compensation Fund: Discussion (10 Oct 2012)
Kevin Humphreys: Would Deputy Stanley prefer that his question be answered now, or does he wish to ask a few more questions first?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quinn Insurance and Insurance Compensation Fund: Discussion (10 Oct 2012)
Kevin Humphreys: Deputy Stanley is asking the questions.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Quinn Insurance and Insurance Compensation Fund: Discussion (10 Oct 2012)
Kevin Humphreys: I remind members that certain matters are currently before the courts and ask them to be cautious in their language. My remark was not targeted at Deputy Dara Murphy in particular.