Oireachtas Joint and Select Committees

Thursday, 20 September 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Credit Union Bill 2012: Discussion (Resumed)

10:35 am

Mr. Kevin Morris:

I could not answer that question because I am not privy to that information. We are all aware of examples of credit unions in difficulty as reported in the newspapers. However, they are probably not because of audit failure and rather for imprudent lending at director level.