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

Ms Anne Marie McKiernan:

That was a stress case and, if one likes, the worst of a series of stress case assumptions. It is important to always highlight that when one uses a stress test or a stress case assumption one is pointing out what could potentially happen in unlikely events. Regulators do that to prompt corrective action which then stops that worse outcome from being realised.

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