Only a minority of credit unions are in compliance with the Central Bank’s new regulations for the sector, according to the registrar of credit unions, Sharon Donnery.

FINANCE Minister Brian Lenihan insisted Anglo Irish Bank had a multi-billion euro buffer to protect the taxpayer from its debts as he took sweeping powers over the scandal-hit institution.

SHAREHOLDERS will be entitled to appeal decisions to a tribunal on what sum, if any, the Government will pay for Anglo Irish Bank shares when it goes into state ownership.

When the Dáil reconvenes in special session tomorrow, it will be faced with passing legislation to nationalise Anglo Irish Bank.

THE Irish Financial Services Appeals Tribunal, in its first judgement since its establishment, has upheld the decision of the Financial Regulator to refuse to grant Westraven Finance, which trades as Brinkspeed, an authorisation to trade as a money transmission business.