93 Deputy Joan Burton asked the Minister for Finance his views on liquidity difficulties in the credit union sector here; if his attention has been drawn to the difficulties in the sector with the payment of dividends; if his further attention has been drawn to cases of anomalous payments of dividends by credit unions in contravention of the Credit Union Act 1997; if he envisages the retention of the savings protection scheme by the Irish League of Credit Unions in the event that the revised Government deposit guarantee scheme, currently under development, covers all credit union deposits; his views on whether it is necessary for the establishment of an emergency fund that a struggling credit union could draw on to cover its liquidity requirements; and if he will make a statement on the matter. [40440/08]

Summary

93 Deputy Joan Burton asked the Minister for Finance his views on liquidity difficulties in the credit union sector here; if his attention has been drawn to the difficulties in the sector with the payment of dividends; if his further attention has been drawn to cases of anomalous payments of dividends by credit unions in contravention of the Credit Union Act 1997; if he envisages the retention of the savings protection scheme by the Irish League of Credit Unions in the event that the revised Government deposit guarantee scheme, currently under development, covers all credit union deposits; his views on whether it is necessary for the establishment of an emergency fund that a struggling credit union could draw on to cover its liquidity requirements; and if he will make a statement on the matter. [40440/08]

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• Financial Services Regulation.

  xml · EN · 13 November 2008

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