Advocacy Updates

 

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

 

GAC Panel Focuses on Globalization of CU Regulation

What happens at the international regulatory level is increasingly shaping what happens at home. That was the prevailing message during a breakout session WOCCU VP Of Advocacy Andrew Price helped lead on the globalization of credit union regulation at Credit Union National Association’s (CUNA) Governmental Affairs Conference (GAC) in Washington, D.C.

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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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Ukraine Approves Regulatory Changes Supported by WOCCU/USAID

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.

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Basel Committee Reinforces Need for Proportional Credit Union Regulations

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.

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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.