Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

That is fair enough. We recognise the independence of the Central Bank in performing its functions and duties vis-à-visregulation and supervision. There has always been a question in relation to the credit union movement and a need for a memorandum of understanding between the movement and the Central Bank to understand the process. As we develop a new process in legislation, it is really important there is a clear understanding between both parties, between the Central Bank and the credit union movement, as to what is expected, the timeframes involved and how to resolve any potential issues that may arise during this process. It is important it is seamless. The stakeholder forum is very important but I just wanted to use the opportunity provided by the debate on this legislation to make that point.