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)
Link to this: Individually | In context | Oireachtas source
I am all for very strong regulation of the financial industry but I have serious concerns over the fact that the regulation is not based on risk. We talked about the requirement for 10% capital in proportion to total assets. Do the witnesses accept that this is more than double what international peers have to carry? That is because it is not risk-weighted.