Paddy Burke (Fine Gael) | Oireachtas source

The Department of Finance's representatives appeared before the joint committee this morning and they said something similar to the registrar. There are very few places where the credit unions can put the €10 billion or €11 billion that they have on deposit other than in the banks. The registrar would seem to be saying the same, that she is very worried as to where it might be put. It would seem she is suggesting that the money is safer in the bank than any other place.