Ukraine’s Ministry of Justice has approved a new set of financial standards developed with significant support from senior experts at the World Council of Credit Unions/USAID Credit for Agriculture Producers (CAP) Project. The move sets the stage for improved strengthening, safety and soundness in the country’s credit union market—and building a foundation for long-term growth.Read More
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
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.