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
12:50 pm
Mr. Joe O'Toole:
The question the Chairman asked about services and expansion was raised at the commission with the regulator on many occasions. As Mr. Hession stated, the legislation allows for the development of services. As I understand it, the position of the Central Bank continues to be that if it is happy with the regulatory regime, it will not block any expansion of services.