Some credit unions don’t vet senior staff – Irish central bank

“Fitness and probity” requirements not being followed by all unions, report says

The Central Bank of Ireland
William Murphy

Some Irish credit unions need to address problems with their governance of senior management and board members, the country's central bank has said in a report published today (February 6).

The report set out the findings of a "thematic inspection" of Irish credit unions, based on a "fitness and probity" regime introduced in 2013. While the inspection had found some credit unions with "well embedded processes", others had a number of "issues of concern".

Due diligence of senior managers and

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