20/06/2016 (Agence Europe) - Irish credit union resolution scheme extended. On Monday 20 June, the European Commission authorised the prolongation until the end of December 2016 for the Irish scheme for the orderly winding up of credit unions. This has been operational since December 2011 and allows a minimum in public aid for facilitating (through a competitive process) the transfer of assets and liabilities from a specific banking undertaking, whilst guaranteeing that the purchaser does...