Oireachtas Joint and Select Committees

Thursday, 20 September 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Credit Union Bill 2012: Discussion (Resumed)

2:35 pm

Photo of Kevin HumphreysKevin Humphreys (Dublin South East, Labour) | Oireachtas source

I thank Ms Gilleece for her submission and presentation. I ask her to expand on the tiered approach. As Mr. Johnson stated earlier, it is only an indicative figure. Would Ms Gilleece see a benefit in widening the tiered approach to have another tier between the €10 million and €100 million?

I believe Ms Gilleece is in a unique position to comment on a matter dealt with earlier - the requirement for the auditor to step down after six years. I ask her to give her views on that. This morning we heard from representatives of MABS. What is Ms Gilleece's opinion on the development of a protocol with MABS? How can MABS work with Ms Gilleece's association in the case of credit union arrears? I also ask her to touch on the issue of social financing. I ask Ms Gilleece, as a manager, to give us a brief flavour of the flexi-loan mentioned earlier.

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