Alex White (Dublin South, Labour)
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How will the delegation's proposed memorandum of understanding that should be agreed between the credit unions and the Financial Regulator work? It claims this document should address how each party would interact with the other. On the face of it, that makes sense. However, playing devil's advocate, if the regulator were required to have a separate memorandum of understanding with every credit union, it would at the very least add to complexity. Regulation is based on standards and requirements. To have a separate memorandum for each would seem excessive.