Sunday August 9, 2020

Doherty presses Central Bank to clarify rules on forced closure

Sinn Féin’s Pearse Doherty warns of ‘reputational damage’ if regulator doesn’t ensure insurers cover business losses due to Covid

19th July, 2020
Pearse Doherty: “It is my view that the lack of action thus far taken by the Central Bank risks significant reputational damage to its role as regulator of the insurance market.”

The Central Bank risks incurring “significant reputational damage” if it does not do more to help businesses affected by the Covid-19 pandemic, Pearse Doherty has claimed in a letter to Gabriel Makhlouf, the bank’s governor.

In correspondence seen by the Business Post, the Sinn Féin finance spokesman sharply criticised the regulator’s approach to clarifying whether businesses had valid business interruption insurance claims.

In Britain, the...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Related Stories

Transport minister wants troubled semi-state, which includes Shannon Airport, to contribute to post-pandemic economy

Peter O'Dwyer | 1 hour ago

Ireland is ranked first among EU countries in terms of penalties imposed as a percentage of GDP and per capita

Peter O'Dwyer | 1 hour ago

Social housing project of 65 homes and apartments in Mulhuddart in Dublin won’t be completed until 2021

Michael Brennan | 1 hour ago