Oireachtas Joint and Select Committees
Wednesday, 16 December 2015
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Credit Union Sector: Discussion (Resumed)
2:30 pm
Pearse Doherty (Donegal South West, Sinn Fein)
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Yes. The Registrar of Credit Unions is not autonomous. It reports to banking supervision and falls under the remit of banking supervision. Was it the witness who came up with this idea, was it a higher level which deals with banking supervision in terms of not just credit unions but all the other banks or was it at a higher level, in terms of Mr. Cyril Roux, or the Governor of the Central Bank. From which level did this emerge?