25/05/2018 (Agence Europe) – On Friday 25 May, the European Commission approved the prolongation, until 30 November of this year, the Irish credit union resolution scheme, allowing for their orderly liquidation. The plan aims to ensure the country's financial stability when a credit union is not able to meet the regulatory requirements. In such cases, the Irish authorities may support it by transferring its assets and liabilities to a purchaser selected through an open and competitive...