Oireachtas Joint and Select Committees

Wednesday, 21 November 2012

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance

Credit Union Bill 2012: Committee Stage

3:35 pm

Photo of Kieran O'DonnellKieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

The issue of perpetual bonds was a significant issue for credit unions with many of them running into enormous difficulties with major losses through investing in them over the past several years. Under existing legislation, are they prohibited from investing in these types of bonds now?

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