Pearse Doherty (Donegal, Sinn Fein)
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It was 50%. The banks paid 50% towards the cost of regulation. The Government phased in a process over time to recover 100% of these costs. Seven years ago, Bank of Ireland, AIB, Ulster Bank and the rest, some of which crashed the economy, paid 50% towards the costs of regulation. Now, we will ask the local credit union, which is volunteer-led, responds to the needs of the community and is a not-for-profit entity, to pay the same percentage as the Bank of Ireland.