This follows the publication of draft legislation by an independent senator last week.
Senator Joe O’Toole said he would introduce a private member’s bill to address gaps in existing legislation that meant many credit union members were at risk of losing their savings if their credit union got into financial difficulty.
The move followed a lengthy impasse between the department, the Financial Regulator and groups representing credit unions over the establishment...
Subscribe from just €1 for the first month!
Exclusive offers:
All Digital Access + eReader
Trial
€1
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
Annual
€200
€149 For the 1st Year
Unlimited Access for 1 Year
Team Pass
Get a Business Account for you and your team