Oireachtas Joint and Select Committees
Thursday, 11 December 2014
Public Accounts Committee
Credit Union Fund Accounts 2013; Credit Resolution Institution Fund Accounts 2013; and Credit Union Restructuring Board Accounts 2013
12:40 pm
John McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source
ReBo has interviewed 323 credit unions. What is Mr. McVeigh's view arising from those interviews? Do they buy into this idea of a bank in the way described by Mr. McVeigh and, if they do, has ReBo drawn up a general profile from its interviews? Is Mr. McVeigh encouraged by that to deliver some form of comment to the Department of Finance and the Central Bank about what is required, even if that goes beyond Mr. McVeigh's remit? ReBo has done the exercise and has the information. Mr. McVeigh knows the credit unions' desire to extend into a general range of banking services if each credit union should decide that. Therefore, arising from that exercise, would it be worthwhile for Mr. McVeigh to make that information known in a general way to the Central Bank and the Department of Finance?
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