Brian Hayes (Dublin South West, Fine Gael) | Oireachtas source

Amendment No. 125 provides a more specific definition of "liquid assets", which is always very useful in these types of Bills. Amendment No. 126 ensures that the proportion of liquid assets to be kept by a credit union will take account of the nature, scale and complexity of a credit union, thus ensuring that a one size fits all approach is not taken and that the composition and maturity of the credit union's assets and liabilities would also be taken into consideration. This is in line with the commission's recommendations regarding a tiered regulatory approach. This measure was in the Bill as published but mistakenly removed in the Bill as amended on Committee Stage in the Dáil. A further amendment may be required to clarify the definition of "maturity mismatch" and I intend to bring this about on Report Stage.