Credit Union Regulators Establish International Network
Forty-eight regulators from fifteen countries participated in WOCCU's
5th annual Regulators' Roundtable in Calgary, Canada. (l-r) Dave
Marquis, USA, Lyndon Kingston, Australia, Karl Cordewener, Switzerland,
Gigi Hyland, USA and Martine Bouille, Canada.
Madison, WI—A group of 48 regulators
15 countries formed the first-ever Credit Union
Regulators Network during the 5th annual
Regulators’ Roundtable at World
Council of Credit Unions’ (WOCCU) 2007 World
Union Conference in Calgary, Canada.
Andy Poprawa, President and CEO of Deposit
Insurance Corporation of Ontario, Canada,
proposed forming the Credit Union Regulatory
Network in order to share information and ideas
about issues of common interest and to undertake
research on specific issues or topics.
Gigi Hyland, Board Member for the National
Credit Union Administration in the United
States, said the roundtable meetings afforded
her the unique opportunity to share experiences
with regulators from across the world: “While
there are certainly differences in regulatory
systems, they are outweighed by the significant
commonalities, and we can all learn a great deal
from each other," she said.
Membership in the Credit Union Regulators
open to all entities that have statutory
supervisory authority for credit unions in their
respective jurisdictions. Each member of the
network will contribute US$200 to join and pay a
nominal conference fee to help cover the cost of
hosting the annual meeting. The membership fee
may be adjusted based on the size of the
country’s credit union system.
A steering committee of representatives from
seven regions across the world will lead the
network and WOCCU will serve as the secretariat.
The steering committee’s role is to help
coordinate the network and to assist WOCCU in
organizing the annual Regulators’ Roundtable.
The steering committee representatives serving
the 2007-2008 term are:
- Africa: Fredrick Odhiamba, Kenyan Ministry
of Co-operative Development and Marketing
- Asia/Pacific: Lyndon Kingston, Australian
Prudential Regulatory Authority
- Canada: Andy Poprawa, Deposit Insurance
Corporation of Ontario
- Eastern Europe: Wictor Kaminski, NACSCU,
- Latin America/Caribbean: Neri Matus, Central
Bank of Belize
- United States: Dave Marquis, National Credit
- Western Europe: James O’Brien, Financial
The Credit Union Regulatory Network will
convene next at the World Credit Union
Hong Kong, July 12-13, 2008. For more
information on becoming a member, contact David
Grace, WOCCU Vice President, Association
email@example.com/608-395-2087 or any of the
steering committee members.
World Council of Credit Unions is the global trade association and development agency for credit unions. World Council promotes the sustainable development of credit unions and other financial cooperatives around the world to empower people through access to high quality and affordable financial services. World Council advocates on behalf of the global credit union system before international organizations and works with national governments to improve legislation and regulation. Its technical assistance programs introduce new tools and technologies to strengthen credit unions' financial performance and increase their outreach.
World Council has implemented more than 290 technical assistance programs in 71 countries. Worldwide, 57,000 credit unions in 103 countries serve 208 million people. Learn more about World Council's impact around the world at www.woccu.org.
Contact: Rebecca Carpenter
Organization: World Council of Credit Unions