Regulator to speak at credit union AGM

The two-day meeting will feature a keynote address by the Financial Regulator, Matthew Elderfield.

Mr Elderfield has already eased tensions in the credit union movement by saying a “one size fits all” approach to all financial services institutions won’t work.

Speaking ahead of the event, Mr Elderfield said his office would continue to work closely with the movement “to build and maintain levels of reserves, liquidity and provisions across the sector to provide a buffer against the challenges ahead”.