Irish central bank to survey credit unions’ controls

The Central Bank of Ireland

The Central Bank of Ireland will be carrying out several "thematic reviews" of the country's credit unions, its deputy registrar for the sector said.

"Systems and controls" would be one of the fields surveyed, Elaine Byrne told the association of Irish credit unions' annual general meeting on January 28. The central bank was "concerned" to still find "weaknesses across a range of basic systems and controls in a number of credit unions", Byrne said.

These weaknesses could lead to "instances of

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