Luke Flanagan (Roscommon-South Leitrim, Independent)
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Question 80: To ask the Minister for Finance when he will publish the Strategic Review of the Credit Union Sector carried out by Grant Thornton on behalf of the Financial Regulator. [16203/11]

Michael Noonan (Limerick City, Fine Gael)
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I have no plans to publish the Grant Thornton report Strategic Review of the Credit Union Sector, at this time. The report provides a detailed factual overview and expert assessment of the risk profile of the credit union sector as a whole, including specific proposals to strengthen the prudential soundness of credit unions. Due to the commercially sensitive and prudential nature of the information contained throughout the report, it is not suitable for release at this time.

The findings of the report will now feed into the work of the Commission on Credit Unions which was established by Government on 31 May 2011 and met for the first time on 20 June 2011. The Commission will review the future of the credit union movement and make recommendations in relation to the most effective regulatory structure for the sector. In carrying out its work, the Commission will take into account credit unions' not-for-profit mandate, their volunteer ethos and community focus, while paying due regard to the need to fully protect depositors' savings and financial stability.