Seamus Kirk
Question:18. Deputy Seamus Kirk asked the Minister for Finance when the restructuring of the credit union sector will be completed; and if he will make a statement on the matter. [14032/13]
View answerThursday, 21 March 2013
Questions (18)
Written answers
The Credit Union and Co-operation with Overseas Regulators Act 2012 provides the statutory basis for the restructuring of credit unions and places the Restructuring Board (ReBo) on a statutory footing. The Government has provided €250m to the Credit Union Fund for restructuring under the Act. The ReBo is working towards the timetable set out in the Commission on Credit Union report, with a view to completing the process by the end of 2015.