Warning over future of North's credit unions

Credit unions in the North could close if fresh regulation is introduced, it was warned today.

Thu, 27 Nov, 2008 - 14:14

Credit unions in the North could close if fresh regulation is introduced, it was warned today.

With some of the community-based groups pressing for greater responsibilities like providing insurance services, Financial Services Authority (FSA) oversight is one potential option.

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Courts Heathrow Place: Northern Ireland Person: Gladys Copeland Person: Copeland Person: Mark Durkan Organisation: Financial Services Authority (FSA)Organisation: Stormont’s Enterprise, Trade and Investment (DETI) Committee Organisation: FSA Organisation: Ulster Federation of Credit Unions Organisation: Financial Services Authority Organisation: Irish League of Credit Unions Organisation: Treasury Organisation: Department for Enterprise, Trade and Investment

<p>Storm Dave is the fourth named storm of the current season, part of a list of 21 names chosen by Irish, UK and Dutch weather services. File picture: Denis Minihane.</p>

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Warning over future of North's credit unions

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