Pending Comment Letters

Your comments are extremely important to us to provide the best response by WOCCU to these regulatory proposals.

Listed below are all pending regulatory actions for which WOCCU intends to submit a Comment Letter. The listed date is the date by which Comments are due to the respective agency. All Comment Letters filed by WOCCU can be viewed on the Comments & Position Papers tab. Comments filed by the European Network of Credit Unions can be found here.

Please be sure to provide us with your comments in advance of the Due Date so that we may include them in our Comment Letter.

Agency	Pending Comment Letters	Due Date
European Commission	Distance Marketing of Consumer Financial Services - Review of EU Rules	June 25, 2022
IFRS	General Requirements for Disclosure of Sustainability-related Financial Information	July 29, 2022
IFRS	Climate-related Disclosures	July 29, 2022
Financial Action Task Force	Call for advice to the European Banking Authority (EBA) regarding the review of Directive 2014/17/EU1 (Mortgage Credit Directive)	August 1, 2022
European Commission	Payment Services - Review of EU Rules	August 2, 2022
European Commission	Open finance framework – enabling data sharing and third party access in the financial sector	August 2, 2022
Basel Committee on Banking Supervision	Prudential Treatment of Banks' Cryptoasset Exposures	September 30, 2022

Recent News on our Competent Authorities

2022-05-23

WOCCU/ENCU Applauds European Parliament Agreement on Digital Operational Resilience Act (DORA)

WOCCU/ENCU Advocated Proportional Treatment Included for Credit Unions

Tags
ENCU

WOCCU/ENCU Applauds European Parliament Agreement on Digital Operational Resilience Act (DORA)

2020-10-08

ENCU Congratulates McGuinness on Appointment as Commissioner

The European Network of Credit Unions (ENCU) and its members extended congratulations to Mairead McGuinness on her appointment as a Commissioner in charge of Financial Services, Financial Stability and Capital Markets.

ENCU further welcomed the Commissioner's agenda for the future of the European financial sector noting its commitment to ensuring access to credit for ordinary Europeans and adequate protections for struggling borrowers amid the crisis. Credit unions make an important contribution to the European social economy by supporting thousands of communities and more than 7 million European households with affordable financial services.

ENCU currently represents approximately 1,000 credit unions in the European Union (EU) with more than EUR 20 billion in total assets thrhough its member countries of Croatia, Estonia, Ireland, Republic of North Macedonia, Moldova, Netherlands, Poland, Romania, and Ukraine,

A copy of the letter can be viewed here.

Tags
ENCU

ENCU Congratulates McGuinness on Appointment as Commissioner

2020-07-10

WOCCU Praises EU COVID-19 Relief Measures

The European Union adopted temporary banking rules in order to maximize the capacity of banks to lend money and support households and businesses to recover from the COVID-19 crisis.

Tags
ENCU

WOCCU Praises EU COVID-19 Relief Measures

2020-05-29

WOCCU, ENCU Call for COVID-19 Regulatory Relief

World Council of Credit Unions (World Council), the European Network of Credit Unions (ENCU), and the European Union Credit Union Parliamentary Interest Group (EUCUPIG) in two separate letters called for regulatory relief to allow credit unions in the European Union to play a critical role in the response to the COVID-19 pandemic. Credit Unions have a history of providing critical services through disasters, emergencies and other disruptions by providing direct assistance to their members.

Tags
ENCU

WOCCU, ENCU Call for COVID-19 Regulatory Relief

2020-02-21

ENCU Comments on EBA Draft ITS on MREL and TLAC

ENCU responded to the European Bank Authority’s consultation regarding their Draft Implementing Technical Standards (ITS) on Disclosure and Reporting of MREL and TLAC. The draft ITS consisted of the EBA’s proposals for MREL/TLAC templates and tables that implement disclosure and reporting requirements. The EBA hopes to “optimise efficiency by institutions when complying with their disclosure and reporting obligations, to facilitate the use of information by authorities and market participants, and to promote market discipline.” The EBA requested feedback on the necessity, discrepancies, and clarity of specified tables and templates. ENCU emphasized its support for the EBA’s efforts to “to maximise efficiency by institutions when complying with their disclosure and reporting obligations, and to facilitate the use of information by authorities and market participants.” ENCU’s comments on this draft ITS can be found here.

Tags
Comment Letter, ENCU, European Banking Authority

ENCU Comments on EBA Draft ITS on MREL and TLAC

Visit the World Council Advocate Blog for More