Central Bank points to ‘concerning’ governance issues at credit unions

On-site inspection of credit unions shows governance and operational risks still key risk areas

Governance remains one of the key risk areas for credit unions, the Central Bank said on Monday.

Governance remains one of the key risk areas for credit unions, the Central Bank said on Monday.

Governance remains one of the key risk areas for credit unions, the Central Bank said on Monday, as it published the findings of on-site inspections of credit unions.

From January to October 2017 the regulator sought to analyse the issues identified in risk mitigation programmes (RMPs) issued to credit unions during the period. This exercise showed that a high percentage of issues identified related to governance.

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