Up to 95 credit unions may be forced to merge
Between 60 and 95 credit unions which fail financial stress tests conducted by the financial regulator may be forced into mergers.
Between 60 and 95 credit unions which fail financial stress tests conducted by the financial regulator may be forced into mergers.
Following the announcement last week by finance minister Michael Noonan that he is setting aside between €500 million and €1 billion to recapitalise credit unions, a raft of mergers is now on the cards.
The Financial Regulator is seeking a capital reserve threshold of 10 per cent, and is combining that target with an analysis of...
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