Regulation
Each credit union is an autonomous organisation and manages its own affairs. In the Republic of Ireland, the Central Bank of Ireland has overall responsibity for credit unions, in order to protect members’ funds and maintain the financial stability and well-being of credit unions in general. A separate Registrar of Credit Unions for Northern Ireland regulates ILCU members in that jurisdiction.
Read more about this topic: Irish League Of Credit Unions
Famous quotes containing the word regulation:
“Nothing changes my twenty-six years in the military. I continue to love it and everything it stands for and everything I was able to accomplish in it. To put up a wall against the military because of one regulation would be doing the same thing that the regulation does in terms of negating people.”
—Margarethe Cammermeyer (b. 1942)
“Lots of white people think black people are stupid. They are stupid themselves for thinking so, but regulation will not make them smarter.”
—Stephen Carter (b. 1954)
“Nothing can be more real, or concern us more, than our own sentiments of pleasure and uneasiness; and if these be favourable to virtue and unfavourable to vice, no more can be requisite to the regulation of our conduct and behavior.”
—David Hume (1711–1776)