Advocacy Updates

 

Get the very latest on World Council's Advocacy efforts.

 

COVID-19 Regulatory Guide for Credit Unions

Our team has put together a COVID-19 Guide for Credit Unions focused on bringing together responses by the international standard setting bodies, prudential authorities and other operational recommendations focused solely on our industry. Pertinent topics include capital standards, accounting issues, IT concerns, designation as "essential" and other regulatory challenges faced by credit unions navigating the pandemic.

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Credit Unions Must Be Considered “Essential” During COVID-19 Crisis

World Council is calling on national-level authorities and regulators to ensure that credit unions are properly designated as “essential” during the COVID-19 crisis. Some jurisdictions do not currently include credit unions in the definition of essential, even though this classification has been extended to banks.

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COVID-19 Regulatory Response

World Council VP of Advocacy Andrew Price has been tracking the regulatory impact of COVID-19 in our member nations across the world. See how the pandemic is affecting credit unions in different ways, depending on where they are located.

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WOCCU Global Regulatory Update

WOCCU has issued its 2020 Global Regulatory Update to provide a look forward to global issues that may affect credit unions and other cooperatives.  Proportionality, AML/CFT, Privacy and Open Banking, and Sustainable Finance are all discussed.

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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.