Open Consultations

Your input on open consultations is extremely important. It gives WOCCU International Advocacy the ability to provide the best response to all regulatory proposals.

Listed below are all pending regulatory actions for which WOCCU intends to submit a response letter. The listed date is when the response is due to the respective agency. Please be sure to provide us with your comments in advance of the due date so that we may include them in our response.

Agency Pending Comment Letters Due Date
European Banking Authority Regulatory Technical Standards EU's New AML/CFT Regime June 6, 2025


Consultation Response Letters

Below is a list of all the previous consultation response letters filed by WOCCU International Advocacy.

Agency Document Date
G202025-05-21 WOCCU Submits Letter to G20 2025-05-21
Financial Action Task Force2025-04-30 WOCCU Comments on FATF's Travel Rule Recommendation 16 2025-04-30
Financial Action Task Force2025-04-27 WOCCU Comments on FATF's Financial Inclusion Guidance 2025-04-27
Financial Action Task Force2024-12-13 WOCCU Comments on FATF's AML/CFT and Financial Inclusion Consultation 2024-12-13
Basel Committee on Banking Supervision2024-03-26 WOCCU Comments on Basel Committee's Consultative Document: Disclosure of Climate-Related Financial Risks 2024-03-26
Basel Committee on Banking Supervision2024-02-16 WOCCU Comments on Basel Committee's Digital Fraud and Banking 2024-02-16
Basel Committee on Banking Supervision2024-01-31 WOCCU Comments on Disclosure of Cryptoasset Exposure 2024-01-31
Financial Action Task Force2023-12-07 WOCCU Comments on FATF Beneficial Ownership Guidance Recommendation 25 2023-12-07
Basel Committee on Banking Supervision2023-10-10 WOCCU Comments on Basel Committee's Core Principles for Effective Banking Supervision October 2023 2023-10-10
Financial Stability Board2023-08-24 WOCCU Comments on FSB's Consultation on the FSB Toolkit on Third Party Risk Management 2023-08-24
International Accounting Standards Board2023-07-19 WOCCU Comments on IASB Exposure Draft: Amendments to the Classification and Measurement of Financial Instruments, IFRS 7 and 9 2023-07-19
International Accounting Standards Board2023-03-07 WOCCU Comments on IFRS Exposure Draft IFRS for SMEs - March 2023 2023-03-07
Financial Stability Board2023-01-04 WOCCU Comment Letter to FSB on Cyber Incident Reporting 2023-01-04
Financial Action Task Force2022-12-06 WOCCU Comment Letter to FATF on Revision of R25 and Interpretive Note 2022-12-06
European Association of Co-Operative Banks2022-12-01 ESBG-EACB-WOCCU Letter to Trilogue CCD Review 2022-12-01
Financial Stability Board2022-09-26 WOCCU Comments on FSB's Consultation: Exit Strategies to Support Equitable Recovery and Address Effects from COVID-19 Scarring in the Financial Sector 2022-09-26
Financial Stability Board2022-06-30 WOCCU Comment Letter on FSB's Supervisory and Regulatory Approaches to Climate-Related Risks - June 2022 2022-06-30
Financial Action Task Force2022-04-25 World Council Comments on FATF's Risk-Based Guidance to the Real Estate Sector 2022-04-25
European Commission2022-03-18 ENCU Responds to European Commission's Targeted Consultation on Improving the EU’s Macroprudential Framework for the Banking Sector 2022-03-18
European Commission2022-02-28 ENCU Responds to European Commission's Questionnaire on Mortgage Credit - Review of EU Rules 2022-02-28
Basel Committee on Banking Supervision2022-02-16 WOCCU Comments on Basel Committee Consultative Document on Principles for the Effective Management and Supervision of Climate-Related Financial Risks 2022-02-16
International Accounting Standards Board2021-11-23 World Council Comments on IASB Public Consultation on the Exposure Draft: Management Commentary 2021-11-23
European Commission2021-09-28 ENCU Responds to European Commission's Questionnaire on the Directive on Distance Marketing of Consumer Financial Services 2021-09-28
International Association of Deposit Insurers2021-09-24 World Council Responds to IADI Consultation on Consultation on the Draft IADI Guidance Paper: "Ways to resolve a financial cooperative while keeping the cooperative structure" 2021-09-24
European Commission2021-08-25 ENCU Responds to European Commission's Call for Feedback on the Platform on Sustainable Finance’s Draft Report on Social Taxonomy 2021-08-25
European Commission2021-08-05 ENCU Responds to Questionnaire on Public Consultation on a Retail Investment Strategy for Europe 2021-08-05
European Commission2021-06-25 ENCU Comments on EC Consultation on Distance Marketing of Consumer Financial Services 2021-06-25
Office of Enterprise, Trade and Employment2021-06-24 ENCU Responds to Public Consultation on EU proposal for a Corporate Sustainability Reporting Directive 2021-06-24
European Commission2021-06-23 ENCU Responds to European Commission's Instant Payments Questionnaire 2021-06-23
European Commission2021-06-02 ENCU Responds to European Commission's Targeted Consultation Instant Payments 2021-06-02
European Commission2021-05-20 ENCU Comments on EC Public Consultation on the Review of the Crisis Management and Deposit Insurance Framework 2021-05-20
Financial Action Task Force2021-04-20 WOCCU Comments on FATF Mitigating the Unintended Consequences of the FATF Standards 2021-04-20
European Commission2021-04-20 ENCU Responds to European Commission's Targeted Consultation on the Review of the Crisis Management and Deposit Insurance Framework 2021-04-20
Financial Stability Board2021-01-08 WOCCU Comments on FSB Discussion Paper on Outsourcing and Third-party Relationships 2021-01-08
International Accounting Standards Board2020-12-30 WOCCU Comments on IFRS Consultation Paper on Business Combinations- Disclosures and Goodwill and Impairment 2020-12-30
International Accounting Standards Board2020-12-30 WOCCU Comments on IFRS Consultation Paper on Sustainability Reporting 2020-12-30
Basel Committee on Banking Supervision2020-11-06 WOCCU Comments on Basel Committee Principles of Operational Resilience 2020-11-06
Basel Committee on Banking Supervision2020-11-06 WOCCU Comments on Basel Committee Revisions to Principles for Sound Management of Operational Risk 2020-11-06
International Accounting Standards Board2020-11-04 WOCCU Comments on IFRS 9 for SMEs 2020-11-04
European Commission2020-10-06 ENCU Responds to European Commission's New Consumer Agenda 2020-10-06
Financial Stability Board2020-09-30 WOCCU Comments on FSB Consultation Report on Evaluation of the Effects of Too-Big-to-Fail Reforms 2020-09-30
Caribbean Credit Union Prudential Regulators2020-09-24 WOCCU Letter to Caribbean Affiliates and Regulators Re: Covid-19 Reg Relief, September 2020 2020-09-24
European Banking Authority2020-09-11 ENCU -- Comments on EBA Consultation on Impact of De-risking on Financial Institutions and Customers 2020-09-11
European Commission2020-09-01 ENCU Comment on European Commission's Consumer Credit Agreement - Review of EU Rules 2020-09-01
Financial Action Task Force2020-08-31 WOCCU Responds to FATF's Public Consultation on Recommendation 1 and its Interpretive Note 2020-08-31
Basel Committee on Banking Supervision2020-08-21 WOCCU Responds to Basel Committee Consultation on Capital Treatment of Securitization of Non-Performing Loans 2020-08-21
European Commission2020-07-29 ENCU REsponds to European Commission's Questionnaire on ML/TF Action Plan 2020-07-29
International Association of Deposit Insurers2020-07-29 WOCCU Responds to IADI's Request for Comment on their Guidance Paper on Risk Management and Internal Control System of Deposit Insurers 2020-07-29
Financial Stability Board2020-07-15 WOCCU Comments on FSB Addressing the Regulatory, Supervisory and Oversight Challenges Raised by Global Stablecoin Arrangements 2020-07-15
European Commission2020-07-15 ENCU Responds to European Commission's Consultation on the Renewed Sustainable Finance Strategy 2020-07-15
European Banking Authority2020-07-06 ENCU Comments on EBA Revised Guidelines on Money Laundering and Terrorist Financing Risk Factors 2020-07-06
European Commission2020-06-26 ENCU Comments on EC Consultation on Retail Payments Strategy 2020-06-26
European Commission2020-06-04 EPCUIG letter - May 2020 2020-06-04
International Accounting Standards Board2020-06-03 WOCCU Comments on the Classification of Liabilities as Current or Non-current—Deferral of Effective Date 2020-06-03
Caribbean Credit Union Prudential Regulators2020-05-28 WOCCU - CCCU Letter to Prudential Regulators Re: Covid-19 Virtual AGM Relief 2020-05-28
International Accounting Standards Board2020-05-26 WOCCU IASB interest Rate Benchmark Reform Exposure Draft 2020-05-26
Caribbean Credit Union Prudential Regulators2020-05-11 WOCCU & CCCU Comment Letter to Caribbean Credit Union Prudential Regulators re: Covid-19 Relief 2020-05-11
Ministerio de Hacienda y Crédito Público2020-05-05 Comment Letter to Ministerio de Hacienda y Crédito Público re: COVID-19 and the Role of Credit Unions 2020-05-05
Ministerio de Hacienda y Crédito Público2020-05-05 Comment Letter to Ministerio de Hacienda y Crédito Público re: COVID-19 and the Role of Credit Unions (es) 2020-05-05
National Bank of Ukraine2020-04-27 WOCCU Comment Letter--NBU White Paper CU Regulation April 2020 2020-04-27
European Commission2020-03-19 ENCU Comments on Commission Initiative on Improving Resilience Against Cypersttacks 2020-03-19
European Commission2020-03-11 ENCU Comment Letter on EC Money Laundering & Terrorism Financing Action Plan 2020-03-11
Basel Committee on Banking Supervision2020-02-25 WOCCU Responds to Basel Committee Consultation on Credit Valuation Adjustment 2020-02-25
European Banking Authority2020-02-21 ENCU Comments on EBA Draft ITS on Disclosure and Reporting of MREL and TLAC 2020-02-21
Basel Committee on Banking Supervision2020-02-06 WOCCU Comments on Basel Committee Consultation on Cooperation Between Prudential and AML/CFT Supervisors 2020-02-06
European Banking Authority2020-01-16 ENCU Comments on EBA Draft Implementing Technical Standard on Public Disclosures 2020-01-16
European Banking Authority2020-01-16 ENCU Comments on EBA Consultation on CRR2 and Backstop Regulation 2020-01-16
European Banking Authority2020-01-07 ENCU Comment Letter on EBA Consultation on Supervisory Requirements for Market Risk 2020-01-07
European Commission2020-01-03 Public Consultation on Implementing Final Basel III Reforms 2020-01-03
European Commission2019-12-18 ENCU Comment Letter on Amendments to the Capital Requirements Regulations and Directive 2019-12-18
Financial Action Task Force2019-12-04 WOCCU - FATF Comment Letter on Digital Identity 2019-12-04
International Association of Deposit Insurers2019-11-07 WOCCU Comment Letter on IADI Credit Union Deposit Insurance Schemes 2019-11-07
Basel Committee on Banking Supervision2019-08-13 WOCCU - Basel Committee Consolidated Framework Comment Ltr July 2019 2019-08-13
European Commission2019-07-19 ENCU Comment on Evaluation of Distance Marketing of Financial Services Rules 2019-07-19
Financial Stability Board2019-06-21 WOCCU FSB Comments on Too Big To Fail Reforms 2019-06-21
Basel Committee on Banking Supervision2019-04-03 WOCCU Letter to Basel Committee on Proportionality in Regulation at the Global Level 2019-04-03
Financial Stability Board2019-03-19 FSB Feedback on Effects of Regulatory Reforms on SME Financing 2019-03-19
Basel Committee on Banking Supervision2019-03-13 Basel Committee Comments on Revisions to Leverage Ratio Disclosure Requirements March 2019 2019-03-13
U.S. Internal Revenue Service2019-02-21 WOCCUU-CUNA IRS FACTA Reg Burden Reduction Comment Letter 2019-02-21
European Commission2019-02-08 ENCU Comment Letter on EBA AML CFT Colleges 2019-02-08
Basel Committee on Banking Supervision2019-01-16 BCBS Consultative Document: Leverage Ratio Treatment of Client Cleared Derivatives 2019-01-16
International Accounting Standards Board2019-01-07 IASB Discussion Paper Financial Instruments with Characteristics of Equity 2019-01-07
Global Financial Innovation Network2018-10-14 WOCCU Global Financial Innovation Network Comment Letter 2018-10-14
Financial Stability Board2018-09-21 FSB Peer Review on Implementation of Legal Entity Identifier 2018-09-21
Trinidad and Tobago Co-operative Development Division2018-09-12 Ministry of Labor and Small Enterprise Development, Trinidad & Tobago 2018-09-12
Financial Stability Board2018-09-07 FSB Incentives to Centrally Clear OTC Derivatives 2018-09-07
Financial Stability Board2018-08-20 FSB Consultative Document - Cyber Lexicon 2018-08-20
Basel Committee on Banking Supervision2018-06-21 Basel Committee Revisions to Minimum Market Risk Capital Requirements 2018-06-21
Basel Committee on Banking Supervision2018-05-25 WOCCU Basel Pillar 3 Disclosure Requirements - Updated Framework 2018-05-25
Basel Committee on Banking Supervision2018-05-08 Basel Committee Pillar 3 Technical Amendments Reg Treatment of Accounting Provisions 2018-05-08
Basel Committee on Banking Supervision2018-03-23 Basel Committee Comment on Stress Testing Principles - Consultative Document 2018-03-23
International Association of Deposit Insurers2018-03-16 IADI Comment Letter Deposit Insurance Fund Target Ratios 2018-03-16
Basel Committee on Banking Supervision2018-03-09 Basel Committee Sovereign Exposures Discussion Paper Comment Letter March 2018 2018-03-09
European Commission2018-03-08 ENCU Comments on EC Survey on funds for investment, research & innovation, SMEs and single market 2018-03-08
European Commission2018-03-01 ENCU Comments on Euro Commission Fitness Check on Supervisory Reporting 2018-03-01
International Accounting Standards Board2018-02-09 The Monitoring Group - Strengthening the Governance and Oversight of the International Audit-Related Standard-Setting Boards in the Public Interest 2018-02-09
Basel Committee on Banking Supervision2018-02-05 Basel III: Treatment of extraordinary monetary policy operations in the Net Stable Funding Ratio 2018-02-05
Financial Stability Board2018-02-02 Principles on Bail-in Execution 2018-02-02
Financial Stability Board2018-02-02 Funding Strategy Elements of an Implementable Resolution Plan 2018-02-02
International Association of Deposit Insurers2017-11-17 IADI Resolution Tools 2017-11-17
Basel Committee on Banking Supervision2017-11-01 Basel Implications of Fintech for Bank and Bank Supervisors 2017-11-01
Basel Committee on Banking Supervision2017-10-05 Criteria for Identifying Simple, Transparent and Comparable Short-term Securitisations 2017-10-05
Basel Committee on Banking Supervision2017-10-05 Capital Treatment for Simple, Transparent and Comparable Short Term Securitisations 2017-10-05
Basel Committee on Banking Supervision2017-09-27 Comment on Simplified Alternative to Market risk Capital Requirements 2017-09-27
Financial Action Task Force2017-07-31 FATF Information Sharing Guidance Comment Letter 2017-07-31
Basel Committee on Banking Supervision2017-06-29 Global systemically important banks – revised assessment framework 2017-06-29
National Credit Union Administration2017-05-09 Advance Notice of Proposed Rulemaking for Supplemental Capital 2017-05-09
U.S. Internal Revenue Service2017-04-24 World Council and CUNA jointly support S. 869 and H.R. 2054 (Letter to Senator Rand Paul) 2017-04-24
U.S. Internal Revenue Service2017-04-24 World Council and CUNA jointly support S. 869 and H.R. 2054 (Letter to Representative Mark Meadows) 2017-04-24
Financial Action Task Force2017-04-14 Information Sharing, Correspondent Banking, and Financial Inclusion-Related Customer Due Diligence 2017-04-14
Basel Committee on Banking Supervision2017-02-23 Revisions to the Annex on Correspondent Banking 2017-02-23
Basel Committee on Banking Supervision2017-01-13 Interim Approach to Regulatory Treatment of Accounting Provisions 2017-01-13
Basel Committee on Banking Supervision2017-01-13 Discussion Paper on Regulatory Treatment of Accounting Provisions 2017-01-13
International Accounting Standards Board2016-12-19 IFRS 9 Loan Loss Accounting for Cooperative Financial Institutions 2016-12-19
International Accounting Standards Board2016-09-05 Credit Union Capital Shares as Equity Under IFRS 2016-09-05
Financial Action Task Force2016-08-05 Proposed Guidance on Correspondent Banking 2016-08-05
Basel Committee on Banking Supervision2016-07-15 Prudential Treatment of Problems Assets 2016-07-15
Basel Committee on Banking Supervision2016-07-06 Revisions to the Basel III Leverage Ratio Framework 2016-07-06
Basel Committee on Banking Supervision2016-06-24 WOCCU Comment on Reducing variation in credit risk-weighted assets – constraints on the use of internal model approaches 2016-06-24
Basel Committee on Banking Supervision2016-05-26 WOCCU Comment on Standardised Approach to Operational Risk May 2016 2016-05-26
Basel Committee on Banking Supervision2016-04-01 Core Principles of Effective Supervision of Financial Inclusion 2016-04-01
Basel Committee on Banking Supervision2016-03-14 Standardized Approach to Credit Risk 2016-03-14
Basel Committee on Banking Supervision2016-02-12 Total Loss Absorbing Capacity Holdings 2016-02-12
Global Partnerships for Financial Inclusion2016-01-29 Global Standard Setting Bodies and Financial Inclusion 2016-01-29
Financial Action Task Force2015-12-11 Draft Guidance for a Risk-Based Approach: Money or Value Transfer Services 2015-12-11
International Accounting Standards Board2015-11-30 IASB Conceptual Framework for Financial Reporting 2015-11-30
Financial Action Task Force2015-11-23 Technical Questions for Banks on Correspondent Banking and Money or Value Transfer Service (MVTS) Operators 2015-11-23
Basel Committee on Banking Supervision2015-09-13 Interest Rate Risk in the Banking Book 2015-09-13
Basel Committee on Banking Supervision2015-04-30 Guidance on accounting for expected credit losses 2015-04-30
Basel Committee on Banking Supervision2015-03-27 Revisions to the Standardised Approach for Credit Risk 2015-03-27
Financial Stability Board2015-02-03 Adequacy of loss-absorbing capacity of global systemically important banks in resolution 2015-02-03
Basel Committee on Banking Supervision2015-01-09 Corporate_governance_principles_for_banks 2015-01-09
Basel Committee on Banking Supervision2014-09-19 Supervisory guidelines for identifying and dealing with weak banks – Consultative Document 2014-09-19
U.S. Internal Revenue Service2014-07-18 Residence Based Taxation and the Foreign Account Tax Compliance Act (FATCA) 2014-07-18
Basel Committee on Banking Supervision2014-04-14 Credit Unions comment on Basel III: the Net Stable Funding Ratio 2014-04-14
Financial Action Task Force2014-04-14 FATF Draft Revised Guidance for a Risk-Based Approach for the Banking Sector 2014-04-14
International Accounting Standards Board2014-03-04 Proposed Amendmens to the International Financial Reporting Standard for Small and Medium-Sized Entities 2014-03-04
Financial Action Task Force2014-01-14 FATF RBA Questions for the Private Sector 2014-01-14
Basel Committee on Banking Supervision2013-10-14 Liquidity coverage ratio disclosure standards 2013-10-14
Basel Committee on Banking Supervision2013-09-27 Sound management of risks related to money laundering and financing of terrorism 2013-09-27
International Accounting Standards Board2013-07-09 Financial Instruments Expected Credit Losses Exposure Draft 2013-07-09
Basel Committee on Banking Supervision2013-06-21 External Audits of Banks 2013-06-21
Financial Action Task Force2013-04-29 FATF Draft Guidance on a Risk-Based Approach to Prepaid Cards, Mobile Payments and Internet-Based Payment Services 2013-04-29
International Accounting Standards Board2012-11-30 IFRS for SMEs Comprehensive Review 2012-11-30
Basel Committee on Banking Supervision2012-08-13 Credit Union Shares as Regulatory Capital Under Basel III 2012-08-13
Basel Committee on Banking Supervision2012-08-13 Los aportes de las cooperativas de ahorro y crédito como capital regulatorio según el Acuerdo de Basilea III 2012-08-13
Financial Action Task Force2012-07-05 FATF Guidance on Anti-money Laundering and Terrorist Financing Measures and Financial Inclusion 2012-07-05
U.S. Internal Revenue Service2012-04-30 Proposed Regulation to Implement the Foreign Account Tax Compliance Act (FATCA) 2012-04-30
Basel Committee on Banking Supervision2012-03-20 Consultative Document: Core Principles for Effective Banking Supervision 2012-03-20
Basel Committee on Banking Supervision2012-02-17 Basel Committee Consultation on Capital Disclosures 2012-02-17