The Oireachtas Finance Committee will examine the issues around insurance in flood prone areas when it meets later.

The Oireachtas Finance Committee will receive an update this afternoon on the progress being made on the liquidation of Setanta Insurance.

Irish banks are still engaging in too many short-term solutions to mortgage debt and more should be done to offer long-term sustainable solutions, Central Bank governor Patrick Honohan declared yesterday.

Bank of Ireland will seek to veto any personal insolvency arrangement which includes a full or partial mortgage debt write-off.