John Paul Phelan (Carlow-Kilkenny, Fine Gael) | Oireachtas source

I was writing the questions down as Deputy Moynihan asked them. I will endeavour to get answers to those questions, which are reasonable enough. However, I would point out that, in the first instance, it is the responsibility of the board of the credit union to operate its activities and to operate within the law.

The Central Bank took a decision on this question after several years of engagement. I do not believe it was a decision that was taken lightly. However, I understand Deputy Moynihan's point. I have had no direct contact with the Central Bank on this issue in respect of whether it made definitive plans on what credit union facilities would be available in Charleville. The first responsibility of the Central Bank is to protect deposit holders and the actions on Friday were on foot of that. However, I will do my best to ensure that we get a response to the questions Deputy Moynihan has put before we leave on Thursday.

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