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

Perhaps Ms Aherne could clarify some matters from the Department's opening statement. It was said that "the Department's role is the provision of high quality information, advice and analysis on credit union policy matters to the Minister and to oversee and implement policy and legislation relevant to the credit union sector." In the context of the existing legislation can the witness tell me if that role is adequate or is it too much? Is any new legislation is required? Does she envisage any legislation coming forward? Can she comment on the extent of the legislation that empowers the regulator and the empowerment of the regulator?