Tuesday, 27 May 2014

Questions (96)

Pearse Doherty

Question:

96. Deputy Pearse Doherty asked the Minister for Finance his plans to extend the period of operation of the Credit Union Restructuring Board; and if he will make a statement on the matter. [22308/14]

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Written answers (Question to Finance)

The Credit Union Restructuring Board (ReBo) was established on a timebound basis in line with recommendations in the Report of the Commission on Credit Unions.  ReBo is working towards the timetable set out in the Report, with a view to completing the restructuring process by the end of 2015.  At that stage a review of the operation of ReBo in accordance with section 43 of the Credit Union and Co-operation with Overseas Regulators Act 2012 will have been completed.

I have no plans at this time to extend the term of ReBo.