Finian McGrath (Dublin North Central, Independent) | Oireachtas source

I was dealing with the regulatory framework and governance issues before I was rudely interrupted by Deputy Feighan.

That the Irish League of Credit Unions, ILCU, had two representatives on the commission does not mean that everything decided by the commission is set in stone. How many recommendations were made to which everyone did not agree? The ILCU has the future of the credit union at heart. The credit union movement has campaigned for many years for radical reform of the regulatory structure of credit unions and advocated the establishment of the Commission on Credit Unions, which I strongly supported. Let us address these points in our debate on credit unions.

The ILCU participated in the commission and has actively supported the recommendations for reform produced by same. It has taken issue with some matters that are either not reflected in this Bill or exceed the conclusions in the commission's final report.

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