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OVER ONE QUARTER of credit unions are limited in what they can lend members.
A parliamentary response from last month by Finance Minister Michael Noonan shows that a total of 76 institutions are subject to restrictions.
Of those, 25 are restricted from lending anything above €30,000, while 36 have a €20,000 ceiling. Another eight are limited to lending below €10,000.
A further three each are limited to €40,000 and €50,000 each.
There are 13 credit unions that have a monthly maximum lending restriction imposed.
However, the 26% of lenders who are restricted is exactly half of the number it was last February, Noonan said.
“In February 2015 the Central Bank commenced a lending restriction review initiative, whereby credit unions subject to a lending restriction that are satisfied they have made the necessary improvements and have embedded these improvements in robust risk sensitive lending practices, could apply for a review of their lending restriction.
“The closing date for receipt of applications to review lending restrictions under this initiative was 30 September 2015.”
The Central Bank will occasionally impose the restrictions in cases where there are questions over a credit union’s liquidity or stability.
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RIP…brilliant musician
@Sean Collins: oh well.
@Ciaran O’Mara: I think your comment wasn’t really understood.
@Michael Brennan: anyone who listened to Dave Fanning over decades will know.
@Ciaran O’Mara: to be clear. Green was an absolute genius and legend.
@Ciaran O’Mara: enough said ?
@Ciaran O’Mara: If people do not get your comment… they have no idea who Peter Green was.. Fitting tribute.
@Ciaran O’Mara: a great tribute to the guy, some wont get it
@Sean Collins: legend
@Ciaran O’Mara: What an absolute tune!
@Ciaran O’Mara: don’t ask me what I think of you, I might not give you the answer that you want me to
Rip Peter, one of the great blues musicians!
“Have I told you about my life, they say I’m a man of the World.” Genius musician, tough existence for many years. Rest in Peace.
When you compare his fleetwood mac with the later version you see the difference between music and aural wallpaper. RIP. Great player.
@alan: the “original” Fleetwood Mac and the “California” Fleetwood Mac, no comparison
Can’t help about the shape I’m in
I can’t sing, I aint pretty and my legs are thin
But don’t ask me what I think of you
I might not give the answer that you want me to
Oh well
Enough said!
@IRL77: as a teenager in the 80s I found it hard to imagine that the theme to the Dave Fanning show was by the same band that sang “Tell me lies” Worlds apart and I’m a Stevie Nicks fan
Sleep well Mr. Green!
One of the best blues guitarist of his generation and a brilliant live performer.
RIP
Saw Fleetwood Mac in the National Stadium in January 1970. Memorable! But he was a troubled soul and “Man of the World” must be one of the most heart-wrenching cries for help ever recorded.
@Rob Goodbody: Peter was a guitar genius but Christ he was a troubled soul,sometimes nobody can help you,not even yourself
“Need your love so bad” what a song.
I got to see him in 1996 in the Mean Fiddler. He was and always will be my all time favourite musician and we both share the same birthday. Take 3 or so minutes out if your life and play Man of the world on YouTube.
Peter will always be the best white guy who played the blues. BB King said Peter was the only guitarist who gave him the chills. What a compliment from one legend to another.
@The Tec Dr: was at that gig. Loved it. Was Cozy Powell on Drums
@Tarfton Clax: yes he was died in car crash not long after
I was lucky enough to see him play live in The Helix and then he invited the audience to meet him and the band afterwards. Magical music and a hero who it wasn’t a disappointment to meet, a gentle man, RIP
Legend. RIP
One of the absolute greats!
The world has lost one if its best musicians
RIP Peter. Your music will live on and in do doing so will you. Arguably one of the most understated guitar players.
This is so sad to hear. RIP Peter. One of the worlds best ever blues guitarists. But to the author – the Mac in Fleetwood Mac is for John McVie. He shouldn’t have been left out as a founder.
@Michael Brennan: Peter Green actually named the band Fleetwood Mac after his two co-founders and told them it was because he wouldn’t be staying in the band for long. Says a lot about the man, ambitious but selfless.
@Michael Brennan: He was very annoyed at the record company for putting the band’s name as Peter Green’s Fleetwood Mac on their first album. He wanted it just Fleetwood Mac.
@Michael Brennan: He never wanted to be in the spotlight. He founded the band to being the two of them together, knowing what they were capable of. Peter Green was a nomad guitarist. Man of The World illustrated his frame of mind and it’s a tragedy the way he left the band.
Beautiful guitarist but I love his voice from the early days. RIP man.
May Peter Green know a peace & joy his music has brought to so many….
So sad to hear of the passing of Peter Green The Real Fleetwood Mac
Rest in peace Crazy Diamond.
@Cormac Laffan: genuine apologies for the correction but Crazy Diamond was Pink Floyd’s, Syd Barrett. The song Shine On You Crazy Diamond was written as a tribute to Syd.
Syd Barrett was another tortured genius whose mental issues – like Peter Green – were due to his use of LSD in his early career.
If your reference to Crazy Diamond was in respect of this then I apologise.
Saw Fleetwood Mac in the National Stadium in 1970. Fond memories of a genius the likes of whose talent will never be seen again. I was sure “Albatross” was a backing track it was so perfect!! R. I. P.
RIP guitar legend.
My all time favourite guitarist. Check out his In The Skies solo album. Snowy White plays on it too.
@muirhill121:
Did you hear his version of “Dragonfly”. A true masterpiece!
RIP to a true legend!
RIP , great musician .
One of the greatest guitarists of all time
One musician I always wanted to see. The original Fleetwood Mac were a different animal to the pop version that followed. Man of the world, the riff in need your love so bad, merry go round, albatross. Genius musician. Very much like Syd Barrett from Pink Floyd, with his breakdown from too much acid but unlike Syd soldiered through it to iron out his own career. RIP
Then Play On … one of the greatest albums of all times.
They make great paint. Jk rip
Bought the single Black Magic Woman half price in a record shop in Limerick in the summer of 1968. I was gobsmacked that it had been reduced to clear…..
Peter Green a brilliant musician, songwriter and guitarist but was a troubled soul because he looked into the dark side and was deeply affected by it. Rest In Peace and Condolences to his family.
Peter deserved all the accolades. However it was a disgrace that Bob Welch was not invited to attend the Hall Of Fame induction. He was a main player in 5 albums
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