Oireachtas Joint and Select Committees

Thursday, 31 January 2019

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Credit Union Advisory Committee: Discussion

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

I am not trying to catch anyone out. I just want to establish where all of this is at. The committee has gone over the arguments repeatedly. I believe we gave this fair time out of our interest for credit unions and we wanted to see some progress. I know Mr. Corr said some progress had been made. However, the report in front of us refers repeatedly to further consideration by the Central Bank. When in the name of God is it going to make up its mind? Will the credit unions be out of business? Will digital banking have taken over by the time they get to the point of actually opening up the doors fully for business? Who is going to answer that question?

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