19/12/2016 (Agence Europe) – On Monday 19 December, the European Commission approved the prolongation of the Irish credit union resolution scheme until 30 June 2017, in order to bring it into line with state aid rules – in particular, with the rules of the Commission's communication of 2013 on the banking sector. The aim of this system is to safeguard financial stability when a credit union becomes unable to meet regulatory requirements. It also allows Ireland to provide aid for...