Oireachtas Joint and Select Committees

Wednesday, 21 November 2012

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance

Credit Union Bill 2012: Committee Stage

2:15 pm

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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The Minister has acknowledged the concern raised by the Irish League of Credit Unions and Opposition Deputies. We take it that the Minister is on the job trying to deal with those concerns. The main point is that credit unions are not banks and should not be treated like banks in a way that could damage their essential character. As long as the Minister is committed to amending the legislation in such a way that regulation appropriate to banks is not applied to credit unions and such that the Irish League of Credit Unions is satisfied prior to Report Stage that this is the case, then we are all singing from the same hymn sheet and I hope we can all move together on this amendment.