Pádraig O'Sullivan (Cork North Central, Fianna Fail) | Oireachtas source

I congratulate the Minister on his recent appointment. It is a great personal honour for him and I know that he will do Ireland proud in Europe. I wish him the best of luck in his new venture.

I will follow up with a question. The Minister acknowledges that in the programme for Government there are various technicalities that we need to work out in respect of credit unions. There are also commitments to enable and support the credit union movement to grow and to support credit unions in the expansion of services to encourage community development. The Irish League of Credit Unions believes there is a disconnect under the policy framework between the Minister for Finance, who has official responsibility over credit union policy, and the Central Bank, which is responsible for regulation but which has no developmental role and no understanding of what the Irish League of Credit Unions terms the volunteer-led democratic organisation of the movement. Is that something the Minister can examine? Does the Minister intend to publish any terms of reference? If so, when?

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