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SOME INSURANCE COMPANIES are not prepared for a no-deal Brexit, according to the Central Bank’s deputy governor, who has reminded them of their responsibility to their customers.
Speaking this morning at the launch of a CEO survey report hosted by PwC and Insurance Ireland, Ed Sibley said he is satisfied that the Irish financial system, overall, is
“resilient enough to withstand a hard Brexit”.
“However, not all regulated firms are adequately prepared. There is no excuse for this, even accepting that there remains considerable uncertainty. You owe all your stakeholders, including and most importantly your customers, a duty of care to ensure that you are prepared,” he said.
Sibley also told insurance firms that they need to take action to address the “risks, challenge and opportunities” of innovation and climate change.
“Too many of your firms are not getting the fundamentals right, with ineffective IT risk management practices, weaknesses in IT security, a lack of effective oversight of IT, and weaknesses in the management of outsourcing.”
He said he expects the industry to play a positive role in shaping the response to climate change risks.
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Who do i send the money to so they then send me back the presidency?
That’s how it anyways works….I know as I have a guy over there with 24 million quid for me…
I have direct email contact with the prince of Nigeria himself! I’ll try to get you a meeting if you like?
original…
I’ll take anything at this stage that isn’t a comment about Irish Water.
I won the Nigerian lottery last week so I can afford to run no probs
@HULK
Very funny.
We all know the story, the whole planet knows the story.
Why did i read that in al pacino’s voice?
We aaawwl know, the stoorey. This whole damn PLANET…..knows th’ stoorey..
The 405000 Nairs no problem but you also need to be able to rig the ballot box look what happened Abiola won the election ended up in jail and somehow died.
We have just the man for ye over here top man enda kenny is he’s name, and that’s he’s monthly salary so no probs on that front.
There are corruption, suicide bombings, beheadings and mass-abduction of children in Nigeria, people are being tortured and ruled by a dictator in Zimbabwe and many women have been raped and/or murdered or have been killed by botched sterilisation procedures in India. It makes me think that the people of these countries were better off when these countries were ruled by the British.
Jasus lads, you’ll give Bertie ideas now.
Sounds like a perfect scam for Dennis obriens portfolios
Adonbilivit
If your in a political party here it costs nothing to run for a European election. If your not it costs 1500.
Donations can be had from Ireland
Just need your bank account details blah blah blah
have your say