Dáil debates

Thursday, 13 December 2012

Credit Union Bill 2012: From the Seanad

 

3:30 pm

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

This is a considerable improvement in recognition of the concern raised by the credit unions.

Given the Minister of State has provided for exceptional circumstances, I hope that, if everybody is being reasonable, the concerns expressed by the credit unions will be addressed adequately. However, I never really received a satisfactory answer to one question, bearing in mind the importance ascribed to the principle of rotation and the imposition of term limits. If term limits are considered so important for credit unions, why are they not imposed on banks, for example? Why does the Government attach so much importance to term lmits for credit union directors? Why do we not have a problem in this regard and with certain other conditions that applied to staff who served in our banks over the years? Will the Minister of State explain this?

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