Dáil Éireann Debate, Wednesday - 13 January 2016
196. Deputy Pearse Doherty asked the Minister for Finance if the Central Bank of Ireland has been informed by any insurance brokerage that its relationship with any State banks has been altered recently; and if he will make a statement on the matter. [46625/15]
View answerThe Central Bank of Ireland has advised me that, due to the confidentiality provisions set out in section 33AK of the Central Bank Act 1942, it cannot comment on individual firms. However, it should be noted that when an intermediary firm is one registered under the Insurance Mediation Regulations, there is no requirement to inform the Central Bank when the intermediary commences or ceases dealing with a product producer. Where the intermediary is one authorised under the Investment Intermediaries Act, the onus is on the product producer to inform the Central Bank of when it appoints or terminates an appointment of an intermediary; that information is publicly available on the register of investment product intermediaries at www.registers.centralbank.ie.
