Clare Daly
Ceist:166. Deputy Clare Daly asked the Minister for Finance the status of investigations carried out by the Central Bank into a credit union (details supplied); and if he will make a statement on the matter. [30080/17]
Amharc ar fhreagraTuesday, 27 June 2017
Ceisteanna (166)
Freagraí scríofa
My role as Minister for Finance is to ensure the legal framework for credit unions is appropriate for the effective operation and supervision of credit unions.
The Registrar of Credit Unions at the Central Bank is the independent regulator for credit unions. Within her independent regulatory discretion, the Registrar acts to support the prudential soundness of individual credit unions, to maintain sector stability and to protect the savings of credit union members.
In relation to your question regarding the status of investigations carried out by the Central Bank into a specific credit union, the Central Bank informs me that it is subject to strict confidentiality requirements under section 33AK of the Central Bank Act 1942, and therefore cannot comment on an individual credit union.