Thursday, 16 February 2012
Department of Finance
Financial Services Regulation
Michael Noonan (Minister, Department of Finance; Limerick City, Fine Gael)
The matter raised by the Deputy is a regulatory matter which does not fall within my remit as Minister for Finance. I am advised by the Central Bank that the matter referred to by the Deputy dates back to 1995 when credit unions were under the responsibility of the Registrar of Friendly Societies and not the Central Bank of Ireland. The Central Bank further advises that the matters raised by the individual concerned have been the subject of ongoing communications over many years and that it considers that the matters were addressed by the members of the credit union concerned at that time.