24/06/2019 (Agence Europe) – On Monday 24 June, the European Commission approved the extension, until 31 May 2020, of the Irish regime for the resolution of credit unions, which allows for their orderly winding-up. This plan aims to safeguard financial stability when a credit union becomes unable to meet regulatory requirements. In this case, the Irish authorities may provide aid for transferring the assets and liabilities of a failing credit union to an acquirer through a competitive...