Oireachtas Joint and Select Committees
Wednesday, 25 November 2015
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Credit Union Sector: Discussion
12:00 pm
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source
Does Mr. Johnson have an explanation? The thing that seems to be thrown around is the management of risk, which baffles me somewhat. Obviously, risk has to be managed, but the record would imply that, in general, the credit union movement has managed the risk pretty well. It did not require big bailouts. Only a few credit unions got into trouble - one in particular - and a few others had some small problems. How is the Government or the Central Bank - whichever is making the calls on this - justifying the delay or the failure to respond the credit unions' requests?
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