Seanad debates

Tuesday, 6 July 2010

Central Bank Reform Bill 2010: Committee and Remaining Stages

 

11:00 pm

Photo of Cecilia KeaveneyCecilia Keaveney (Fianna Fail)

I support the views of Senator MacSharry. I have met the leaders of the credit union movement and I am very conscious of the tremendous work being done by credit unions. A minority in the movement have faced financial difficulties and I understand where the Minister is coming from to ensure everything will be straightforward. The banks and the credit unions have been linked together. It is important that the good work being done by credit unions is recognised. The vast majority are operating properly and in a prudent manner. It is very important, therefore, that we review what they are doing as opposed to linking them with the operations of the banks. I support what Senator MacSharry said in that regard.

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