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
12:50 pm
Mr. Ronan Hession:
I do not think there is an obstacle. It is a question of assessing whether it is possible for the credit unions to get involved in these things without jeopardising their members' savings. Do they know what they are doing, do they understand the sectors in which they would become involved and do they have the requisite governance risk systems? If the concerns in respect of these matters can be put to bed, then credit unions would be able to put a reasonable proposition on the table.
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