Richard Bruton (Dublin North Central, Fine Gael)

Perhaps the Minister will set out the extent to which credit unions hold seriously impaired assets such as bank shares. I understand some have held the securities which the Minister describes as toxic. Perhaps the Minister will give an indication of whether a problems arises in terms of credit unions that hold significantly impaired assets. Also, is he satisfied with the robustness of management standards in credit unions? The Minister indicated that only a few have significant difficulties. Has he received a report on the robustness of the management and protection systems to deal with any incidents in respect of individual credit unions?

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