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 Rose Conway WalshRose Conway Walsh (Sinn Fein) | Oireachtas source

We see the evolution but it is not fast enough and it is not pertinent enough. There are so many external factors such as Brexit, China, Italy, a trade war in America and the end of quantitative easing. In the context of the cumulative effect of all those factors, we need the credit unions to have as much flexibility as possible in order to adapt to the needs of their consumers who trust them. We need to trust the credit unions. The Chairman's suggestion that we would know specifically what we need to do was very good. We cannot keep having the same conversation over and over again, although we accept things have evolved somewhat. We also need to hear the truth about the relationship with the Central Bank and the Department of Finance. The committee is here to help but we will run out of road in terms of its work, what it needs to focus on and the progress we need to make.

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