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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)

John McGuinness: I agree there should be a healthy tension between the regulated and the regulator. However, coming from my business background, I would hate to be regulated by this regulator. I understand an awful lot of the frustration expressed by the credit union movement. I agree with Deputy Michael McGrath and other members that there is a clear need for the credit union movement in this country....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)

John McGuinness: I think that it is a fair account of their sound foundations in spite of some of the drawbacks there-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)

John McGuinness: And no members lost. If only the banks had the same degree of regulation we might not be in the space we are in.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (23 Mar 2017)

John McGuinness: We will review what we have heard over the past few days. I thank the witness for attending.

Written Answers — Department of Education and Skills: Summer Works Scheme Applications (23 Mar 2017)

John McGuinness: 85. To ask the Minister for Education and Skills if an application for funding under the summer works scheme by a school (details supplied) will be approved; and the level of funding being considered. [14657/17]

Written Answers — Department of Education and Skills: School Accommodation (23 Mar 2017)

John McGuinness: 86. To ask the Minister for Education and Skills to outline the status of an application for additional accommodation by a school (details supplied); when the funding will be made available; and if he will make a statement on the matter. [14658/17]

Written Answers — Department of Social Protection: Carer's Allowance Appeals (23 Mar 2017)

John McGuinness: 120. To ask the Minister for Social Protection if an application for carer's allowance in the case of a person (details supplied) will be re-examined in view of the fact it would appear that some medical evidence was not considered; and if an oral hearing will be arranged in order that the details of the medical circumstances can be explained. [14655/17]

Written Answers — Department of Health: Hospital Appointments Status (23 Mar 2017)

John McGuinness: 150. To ask the Minister for Health if a date for an operation will be arranged as a matter of urgency in the case of a person (details supplied). [14642/17]

Written Answers — Department of Agriculture, Food and the Marine: Departmental Investigations (23 Mar 2017)

John McGuinness: 167. To ask the Minister for Agriculture, Food and the Marine the investigations which have been undertaken by his Department regarding complaints made by a person (details supplied) relative to various matters concerning alleged fraud and contaminated milk; if correspondence sent to his Department regarding these matters had been processed; if the person has been informed of the outcome of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (21 Mar 2017)

John McGuinness: I remind members, witnesses and those in the Public Gallery to please turn off their mobile phones as they interfere with the sound quality and transmission of the meeting. Today we are dealing with an overview of the credit union sector, that is, the report by the credit union advisory committee, CUAC, of June 2016 entitled, Review of the Implementation of the Recommendations of the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (21 Mar 2017)

John McGuinness: Thank you. I am not sure Brian Cody would agree with that game plan.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (21 Mar 2017)

John McGuinness: The regulator is acting on foot of the legislation While we focus on Central Bank regulation, it is the legislation which causes the difficulty, Therefore, any change that is needed must be made to the legislation. Can Mr. Johnson separate those two things for us? Some legislation has been passed and is working while other legislation has been passed but is not working. The legislation...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (21 Mar 2017)

John McGuinness: Is that the central piece which has to be corrected?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (21 Mar 2017)

John McGuinness: What engagement have witnesses had with the Minister or his officials and the Central Bank or its officials on this issue?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (21 Mar 2017)

John McGuinness: What engagement has the Irish League of Credit Unions had with the Minister, officials, the Central Bank and the regulator?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (21 Mar 2017)

John McGuinness: When was the last time the representative bodies met the Minister?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (21 Mar 2017)

John McGuinness: When was the last time you met the Central Bank and the Financial Regulator?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (21 Mar 2017)

John McGuinness: What comes out of those meetings? What was their reaction to the different requests and issues you have? Did they-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (21 Mar 2017)

John McGuinness: That is the experience Mr. McCrory has had with the Financial Regulator and the Central Bank?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of the Credit Union Sector: Discussion (21 Mar 2017)

John McGuinness: Tarnish someone with the brush. I am sorry but Mr. McCrory should tarnish someone with the brush because we are here and listening to the submission he is making. Mr. McCrory said in his opening statement that he is searching for champions. I do not believe there is anyone in the Houses who would speak against a credit union. I am a member of a credit union and many Members right across...

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