The Basel Committee on Banking Supervision and the Basel Consultative Group (BCG) issued a joint statement supporting the use of proportionality when implementing Basel III—a set of guidelines developed to ensure internationally active banks meet minimum requirements on capital adequacy, stress testing and market-liquidity risk. It's a position long advocated for by World Council of Credit Unions (WOCCU) on behalf of its members.Read More
A bipartisan letter signed by members of the U.S. House of Representatives was delivered to U.S. Agency for International Development (USAID) Administrator Mark Green this week, urging the agency to complete its procurement reform process in a manner that ensures a fair and substantial proportion of its awards and contracts are awarded to small, U.S.-based not-for-profit organizations, such as credit unions.Read More
The European Network of Credit Unions (ENCU) met this week with some key Members of the European Parliament (MEPs) in November discuss challenges facing credit unions in the European Union (EU)—and some key regulatory items coming up in the Parliament’s new legislative term.Read More
World Council of Credit Unions and Credit Union National Association (CUNA) Wednesday called on House and Senate appropriators to increase funding for the USAID's Cooperative Development Program (CDP) to $17 million, up from the previous year’s $12 million.Read More
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The Regulatory Telegraph is an online digest of the information you must know to ensure your cooperative financial institution remains in compliance with the modern (and future) regulatory environment.