Irish

Sunday 13 July 2014

Central Bank starts credit union debt talks

Published 23/12/2013|23:03

  • Share
The Central Bank on Dame Street
The Central Bank on Dame Street

THE Central Bank said it has begun consultations with credit union leaders about the best way to categorise bad debts at the lenders.

  • Share
  • Go To

Following consultations, it plans to draw up suggestions to measure the levels of bad debts in the sector and individual credit unions.

The Central Bank is attempting to clear up the sector by forcing some credit unions to merge. It also wants to get a clear picture of the nature of debts racked up during the boom. The paper includes suggestions for the introduction of a “tiered” regulatory approach.

Read More

Classifieds

CarsIreland

Independent Shopping.ie

Meet, chat and connect with
singles in your area

Independent Shopping.ie

Meet Singles Now

Findajob

Apps

Now available on

Editors Choice

Also in Business