Government urged to request Central Bank intervention in insurance row

The Central Bank is an independent regulator and cannot intervene,  Tánaiste Leo Varadkar told the Dáil

Tánaiste Leo Varadkar told the Dáil the Government has no power to direct the Central Bank to intervene in the business interruption insurance issue. File picture: Maxwells

The Government cannot ask the Central Bank to examine business interruption insurance, Tánaiste Leo Varadkar has said.

Sinn Féin's Pearse Doherty called on the Government to call on the Central Bank to launch a "tracker-mortgage"-type investigation into business interruption insurance after the High Court ruled last week in favour of four publicans that they were due a pay-out from their insurer FBD.