Global Trade Alert
Global Trade Alert

Ireland: Restructuring scheme for Credit Unions

Announcement

07 Dec 2011

In December 2011, the government of Ireland announced a change in private-sector financial support.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

0 in force

Implementation date

20 Dec 2011

Revocation date:

No revocation date

Capital injection and equity stakes (including bailouts)

On 7 December 2011 Ireland notified a scheme for the resolution of credit unions in distress.   Credit unions are member-owned, not-for-profit entities whose business primarily relates to savings and ...

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