Vigilance is crucial as credit unions enter a new era
The new regulator must set out clear prudential rules and standards for the development of the credit union movement, writes Kevin Johnson.
Now that the credit union legislation has been enacted, attention will move from the legislators to the regulator - the Registrar of Credit Unions (RCU) - in the Central Bank and to credit unions which will be tasked with implementing it.
Some commentators are expecting significant consolidation or shrinking of the sector. But the Credit Union Development Association (CUDA) sees it as an opportunity to finally enable those credit unions with the desire and the...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine