Credit unions at risk from Brexit, finds Central Bank

Credit unions at risk from Brexit, finds Central Bank

An internal Central Bank report has laid bare the danger Brexit poses to the state’s credit unions, saying it will “place further pressure on the sector’s weak points and . . . expose vulnerabilities in specific credit unions”.

The risk assessment drawn up by the bank’s Brexit task force found a number of risks including the prospect of a spike in defaulting loans, especially in the border region.

In the report, which was released to...

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