Dáil Éireann Debate, Tuesday - 12 February 2019
165. Deputy Michael McGrath asked the Minister for Finance the position regarding the fine imposed by the Central Bank on a company (details supplied); the reason for the fine; and if he will make a statement on the matter. [6530/19]
Amharc ar fhreagraAs Minister for Finance, it would not be appropriate for me to comment on specific enforcement measures taken by the Central Bank of Ireland, the position of them or the reason for them. The Deputy will appreciate that I am responsible for the development of the legal framework governing financial regulation, whereas the day to day supervision of insurance undertakings is a matter for the Central Bank of Ireland. This enforcement measure is a matter for the Central Bank of Ireland.
However, to be helpful, I believe the information that the Deputy may be looking for is contained in a press release issued by the Central Bank of Ireland on 20 December 2018 regarding the specific enforcement measure taken by the Central Bank, and this is available at:
https://centralbank.ie/news/article/enforcement-action-rsa-insurance-ireland-dac-fined-3.5m
