Tom Brabazon (Dublin Bay North, Fianna Fail) | Oireachtas source

I welcome that there is a substantial section in the programme for Government on credit unions. I also welcome the pledge that has been honoured to retain a dedicated Minister of State with responsibility for financial services, credit unions and insurance. I congratulate the Minister of State on his appointment to that role. I also wish to mention the former Minister of State, Deputy Fleming who made a very significant contribution to this whole area in the last Government.

Late last year, the Central Bank of Ireland published a review of the regulatory framework for credit union lending and launched a public consultation on proposed changes to the framework. The proposed changes will ensure the regulatory framework remains appropriate to the sector and will provide greater scope for the those credit unions which wish to undertake further house and building lending. Does the Minister of State expect to make progress on this soon?

See this speech in context