Seanad debates
Tuesday, 6 July 2010
Central Bank Reform Bill 2010: Committee and Remaining Stages
9:00 pm
Tony Killeen (Clare, Fianna Fail)
I heard a good deal of the Second Stage debate and the points made by Members on the role and functions of credit unions, as was the case in the other House. As everyone is aware, credit unions fall within the definition of financial service providers which is set out in the Bill. The Minister for Finance believes that the issue is covered and that relevant knowledge of credit union affairs is already recognised among the many disciplines from which Central Bank commission members may be drawn. In other words, it is central to financial service provision by institutions.
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