Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

The version of it that I have left out a concluding page. I might just go on to my concluding page.

Once the deadline for submissions has closed, the Department, in collaboration with the Central Bank, will consider the feedback received as part of the consultation process. It is worth noting that as Minister for Finance, I have reduced the stabilisation scheme levy as a percentage of assets materially; that since 2017 no further levies have been charged; and that from 2019 the Financial Services Ombudsman levy will be reduced materially for credit unions, in some cases by 81%. I recognise strongly the role of our credit unions. I recognise, for example, the €2 billion of new lending they have made available every year. In the work that we are doing with the credit union movement and the general work I am doing in respect of levies that the sector is dealing with, I am conscious of the issues they face and will look to respond to different issues that they have raised with me over time.