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

Ms Anne Marie McKiernan:

I referred to the report we published in May 2014 on the standards we observed during our on-site engagements. That document also set out our expectations on the standards the sector needed to meet. We issued a prudent lending circular in 2013, which contained more granular information on our expectations and our standards around lending and the limits thereon.