Kevin Humphreys (Dublin South East, Labour)
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Question 119: To ask the Minister for Finance further to his reply to Parliamentary Question No 58 of 20 June 2012 when will the Credit Union Restructuring Board ReBo be appointed, when will it come into operation, if it will operate on an interim or administrative basis pending the passage of the draft Credit Union Bill; and if he will make a statement on the matter. [33175/12]

Michael Noonan (Limerick City, Fine Gael)
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In my response the Parliamentary Question No 58 of 20 June 2012 I stated that expressions of interest had been sought for appointment to the Credit Union Restructuring Board (the ReBo). The closing date for receipt of applications was 8 June. The process of identifying suitable candidates to sit on this Board is currently taking place within my Department and it is envisaged that the ReBo will be established shortly. The ReBo will operate on an administrative basis pending the enactment of the Credit Union Bill which will provide the statutory basis for the ReBo.