Oireachtas Joint and Select Committees

Thursday, 20 September 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Credit Union Bill 2012: Discussion (Resumed)

10:05 am

Photo of Alex WhiteAlex White (Dublin South, Labour)
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That is fine.

On head 6, MABS refers to a stress test. It suggests supplementing the requirement to verify the credit union member's ability to repay a loan with reference to a stress test to safeguard the repayment of the loan in the future. Would Ms O'Connor elaborate?