COUNTDOWN TO BREXIT - Are you Brexit ready? Contact us at 01 6766 476 to focus on your Brexit concerns and to assess your potential solutions. Don't leave it too late!

-978Days -10Hours -35Minutes -39Seconds

STRESSED CREDIT UNIONS

The Financial Regulator is turning his guns on credit unions to examine “potential stresses” across the sector, according to several Sunday newspapers.

“The sharp rise in the levels of reported arrears and the significant increase in loans being rescheduled as more and more members come under financial stress is a matter of concern,” a spokeswoman for the Regulator told The Sunday Tribune.

The newspaper notes the moves come against the backdrop of increased tension between the Regulator and the Irish League of Credit Unions over solvency and the stricter rules being imposed on provisioning and reserves.

Tags: ,

We Are Here!

25 Herbert Place,
Dublin 2,
DO2 AY86,
Republic of Ireland.

T:+353-1-6766476
F:+353-1-6766783
E: info@noonecasey.ie