Oireachtas Joint and Select Committees
Thursday, 20 September 2012
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Credit Union Bill 2012: Discussion (Resumed)
11:00 am
Mr. Philip Hosford:
There is no definition of that. With regard to outsourcing, we have some functions that are outsourced, and we see it as a much bigger issue going forward. It may be the case that a credit union would need permission from the Central Bank to outsource a material activity, so a definition on that would help.