Peter Mathews (Dublin South, Fine Gael) | Oireachtas source

The credit union framework for prudential business has operated well over the years. It is inappropriate for the IBF to make any remarks on this subject because the credit union movement has, through its experience and operation, carried out the type of prudential assessment appropriate to the business it conducts. Credit unions are in a position to evolve and address any new risks that may arise as well as old risks that have to be faced in a different manner. It is not appropriate for the IBF to suggest the frameworks that operate in the banking context.