Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

Respectfully, I am not in a position to give the commitment the Deputy wants to changing primary legislation. I will have to see what he is looking for first and I am sure he will share that with me. I believe that the legislation we have in place regarding how our credit union sector is regulated is very proportionate and fair.

On the comment he made about the culture of the Central Bank, I have to firmly disagree with him. The Central Bank of Ireland recognises the really valuable role our credit union movement plays and looks to treat it in a way that is fair and different from how it treats the established financial services in Ireland. I know there are issues that are always being looked at between those that are regulated and the regulator. In my experience of dealing with the Central Bank, however, it values the contribution that credit unions make to our country.

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