Gerry Horkan (Fianna Fail) | Oireachtas source

Mr. Carville is aware of the interaction between the committee and the various bodies that were in attendance on Tuesday. There was a palpable sense of frustration and anger in terms of them being on the merry-go-round, as they call it, where the Department of Finance say it is the regulator and the regulator says it is the Department of Finance while someone else says it is the Department of Housing, Planning, Community and Local Government or the Minister or whoever. Is there an expectations gap? I know Mr. Carville cannot speak for the regulator.

Are the credit unions discussing certain matters that in the opinion of Mr. Carville, the Department or the Minister are not as achievable as the credit unions believe they are? Are they barking up the wrong tree as far as the Department is concerned? They seem to believe they can do all these things, no one has told them they cannot do so but every time they try to do them they are being frustrated by responses to the effect that this is not a matter for us or for them but rather it is a matter for somebody else. Should they be told that they should not be engaged in this or that activity rather than being sent from committee to committee or having a sense that they are going from sector to sector? Should they be told that we do not want them investing their €11 billion on deposit in housing or in mortgages because it is believed such investments are too risky?