CUDA attended its most recent quarterly meeting with the Registrar of Credit Unions and other members of the RCU team on 8th October.
Draft Agenda for Quarterly CUDA/RCU Meeting
Central Bank of Ireland
8th October 2019
| Subject Matter | Area | Query |
| Credit Union Regulations | CP125 |
– Seek update on content and timelines re Regulations |
| Request for Clarifications | Accrued Interest | – Seek update |
| AML Launch | – Complaints received from Credit Unions re. launch of the Guidelines on Preventing Money Laundering and Terrorist Financing | |
| CEO Forum | – Seek update and insight on planned next steps | |
| Levies | – Discussion on CUDA Submission to DoF on Consultation Paper re Resolution Levy and additional correspondence re Regulatory Levies.
– Seek transparency from CBI on methodology in reaching proposed funding targets [along with DoF] – Seek thoughts on future intent for Stabilisation Fund. No visibility on the CBI’s viability model. – Seek transparency from CBI on methodology in reaching funding applicable to credit unions for Industry Levy |
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| Dormant Accounts | – Seek CBI on research underway on behalf of Dept of Rural and Community Development | |
| ICURN | – Seek update on report and findings | |
| Financial Service Sector & Credit Unions | An Post | – Actively offering car loans and personal loans. Discuss regulation of An Post in the financial service sector. |
| AOB |
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A full update was provided to the National Council members, and many of the items are expanded on below. If there is any item that you would like further information on, or if there is a matter that you would like included on the agenda for future meetings with the RCU please let us know by contacting either Kevin or Elaine (kevin.johnson@cuda.ie / elaine.larke@cuda.ie).