Oireachtas Joint and Select Committees

Thursday, 11 December 2014

Public Accounts Committee

Credit Union Fund Accounts 2013; Credit Resolution Institution Fund Accounts 2013; and Credit Union Restructuring Board Accounts 2013

12:30 pm

Mr. Bobby McVeigh:

There is a volunteer component involved; we do not have the right to examine the balance sheets of 378 credit unions. We have a right engage in a due diligence process for credit union A, B or C if it has asked us to examine a restructuring proposal. It is voluntary.