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Proposed Legislation

Dáil Éireann Debate, Wednesday - 22 February 2012

Wednesday, 22 February 2012

Questions (23)

Luke 'Ming' Flanagan

Question:

23 Deputy Luke ‘Ming’ Flanagan asked the Minister for Finance if a copy of the draft Central Bank (Regulation of Credit Unions) Bill has been sent to the EU, ECB or the IMF; and if he will make a statement on the matter. [9850/12]

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Written answers

The Interim Report of the Commission on Credit Unions was published in October and the Final Report of the Commission is due to be presented to me at the end-March 2012. Taking the Reports' recommendations into account, it is intended to publish the Credit Union Bill by end-June 2012 in accordance with our commitments under the EU/ECB/IMF Programme of Support. I will be bringing draft Heads of Bill to Government as soon as they are completed. As the Bill is still being developed, it has not been shared with the EU/ECB/IMF.

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