Seanad debates

Tuesday, 6 July 2010

Central Bank Reform Bill 2010: Committee and Remaining Stages

 

9:00 pm

Photo of Paschal DonohoePaschal Donohoe (Fine Gael)

I move amendment No. 13:

In page 53, column 3, between lines 6 and 7, to insert the following:

"(n) credit union affairs.".

We have had a lot of discussion on this in the House and many Members have raised concerns about the need to strike a balance between the needs of the credit union movement and the broader regulatory duties that the organisation will have. We understand the role the commission will play in running it. All this amendment suggests is that there should at least be an ordinary member of the commission who could have an understanding of the particular needs of the credit union movement and ensure it is represented in the commission.

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