FF blasts lack of in­sur­ance reg­u­la­tion

Irish Daily Mirror - - NEWS -

LACK of reg­u­la­tion across the EU is leav­ing Irish in­sur­ance hold­ers in dan­ger, Fianna Fail warns.

Party spokesman on fi­nance Michael Mcgrath has raised con­cerns about the ex­po­sure of con­sumers as a re­sult of reg­u­la­tory fail­ures in other mem­ber states.

He said: “I have writ­ten to the Chair­per­son of the Eu­ro­pean In­sur­ance and Oc­cu­pa­tional Pen­sions Au­thor­ity to out­line the detri­men­tal im­pact these are hav­ing on Irish con­sumers.

“This is an is­sue the Irish gov­ern­ment and the Cen­tral Bank also need to be press­ing at an EU level.”

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