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

On the last question and the response received, the Central Bank essentially said that the credit unions can continue to lend money and they have many ways of doing it. It also said that out of all of the financial sectors, it devotes the most time to the credit union sector in terms of giving the credit union supports. At some stage after the meeting, will Mr. Farrell provide the committee with a list of the problems that the Irish League of Credit Unions sees in the context of the credit unions developing their space relative to the answers that were given by the Central Bank, because there seems to be a difference of opinion or emphasis? Will Mr. Farrell say why the Sparkasse model cannot be rolled out by the credit union movement? The credit unions have €7 billion so why can they not step up to plate, work with Sparkasse to roll out that model of community banking, get the licence from the Central Bank and so on?