Seanad debates

Wednesday, 9 April 2003

Central Bank and Financial Services Authority of Ireland Bill 2002: Report and Final Stages.

 

Looking at the issue in a balanced way, I agree with what Senator McDowell said, that for the credit unions' own sake it is better that they are integrated into this one-stop-shop because they have important financial responsibilities. In a sense their integration into this legislation through the registrar, the person who will stand on his or her own feet under this legislation, is a clear recognition of their importance in the modern financial services set-up.

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