Customer-centered credit unions do not need rules made for bad bankers

The Central Bank plan to bring a highly trusted organisation within the scope of the new accountability rules is unwarranted

Rather than bringing credit unions under the scope of these new rules, the Central Bank should seek to understand what makes credit unions so exceptional. Photo: Collins

Kevin Johnson

It’s about five years since the Central Bank of Ireland (CBI) published a report on behaviour and culture in the Irish retail banks.