Credit union body proposes Covid-19 recovery bond

Credit union members could be a source of some of the funding state will need to rebuild economy, says Kevin Johnson of Credit Union Development Association

28th June, 2020
Credit union body proposes Covid-19 recovery bond
Credit union members could be a source of some of the funding the state will require to rebuild the economy following the Covid-19 pandemic

A new Covid-19 recovery bond should be established to help fund the state’s economic recovery and create an asset class which reduces the amount of capital credit unions would have to hold, a representative group has said.

Kevin Johnson, the chief executive at the Credit Union Development Association, said credit union members could be a source of some of the funding the state will require to rebuild the economy following the Covid-19 pandemic...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month, €19.99 Monthly thereafter

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Two big to fail: will the sale of Davy undermine Irish banking?

Finance ombudsman criticised over ‘case delays’

NTMA paid Davy €14.2m in seven years before Anglo Irish bond scandal

Square deal on the cards for Irish businesses, says firm’s European executive director