Oireachtas Joint and Select Committees

Thursday, 23 March 2017

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Overview of the Credit Union Sector: Discussion

9:30 am

Mr. Des Carville:

Yes, we speak to the Central Bank on a whole range of issues, as one would expect, including conversations around the investment restrictions. I note the Central Bank has stated it intends to consult with the sector on the investment restrictions. The Department welcomes that. It is the role of the Central Bank to establish and police, and perhaps to change, such investment restrictions, presumably based on changing market dynamics for investments.

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