Peter Burke (Longford-Westmeath, Fine Gael) | Oireachtas source

Some credit unions have raised concerns in the media of taking deposits, etc., and being hampered by the 10% rule.

Some of them have stated this in their evidence to the committee over the course of our hearings.

I will move on. The change from the need to revert to legislation through the Oireachtas to the need to revert to regulation in regulating the sector through the Central Bank was deemed to be more effective in making minor changes within the sector. However, from listening to the sector, I understand it believes that this has not worked out as envisaged from the point of view not only of oversight, but also of the key objectives in making minor changes. It seems to be very difficult to facilitate this. Does Ms McKiernan have a view on this?