Dáil Éireann Debate, Tuesday - 3 December 2013
65. Deputy Lucinda Creighton asked the Minister for Finance the total number of staff in the Central Bank who are responsible for overseeing credit unions that have been paid employees of credit unions or volunteers in credit unions; and if he will make a statement on the matter. [51450/13]
View answerI have been informed by the Central Bank that it does not store the specific information requested by the Deputy. However, I have been informed that staff employed in the Registry of Credit Unions, which is responsible for overseeing credit unions, have a range of backgrounds including accounting, economics, legal and compliance. The Registry of Credit Unions ensures on appointment, that all staff are suitably qualified for their role. Under section 15(10) of the Credit Union and Co-Operation with Overseas Regulators Act 2012, which is due to commence in March 2014, an officer* or other member of the Central Bank who is involved in the regulation of credit unions is not eligible to become a director of a credit union.
* Within the meaning of section 2 of the Central Bank Act 1942.
