Regulator’s handling of Quinn signals change

QUINN Group’s reluctant acceptance of the appointment of two administrators is welcome for many reasons.

With more than 5,500 jobs riding on the group’s future, those with deep concerns about the jobs lost sight of the fact that under the law of this land the Financial Regulator has powers to appoint administrators where he has solid grounds for so doing.

For the record Quinn Insurance was fined a total of €3.25 million for breaches of regulations in 2008.