John McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

The Central Bank has its own knowledge on all of these matters. The Department of Finance is everywhere and it knows the situation. On a credit union by credit union basis, because of the positive effect it can have in local communities trying to recover, is it not time to look at the merit of lifting some of the red tape to allow the flexibility the credit unions once enjoyed, without going too far from the regulations in place?