Share

View All Comment Letters and Position Papers

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
Basel Committee Recalibration of Shocks for Interest Rate Risk in the Banking Book March 28, 2024
 

Recent News on our Competent Authorities

 

WOCCU Congratulates Neil Esho On Secretary General Appointment to the Basel Committee

Tags
Basel

World Council congratulates Neil Esho on his newly appointed position and the Basel Committee on Banking Supervision. The Basel Committee announced that their former Deputy Secretary General, has been appointed to Secretary General. Esho’s three-year term will begin next month in February 2022. World Council has previously met with Esho, then Deputy Secretary General, in March 2019 to support proportionality and discuss the effect of overburdensome regulations on credit unions. World Council followed the meeting with a letter urging Esho and the Basel Committee to “issue additional guidance on proportionality in regulation in the form of a set of high-level principles or weighing-factors on when less complex regulatory approaches can be warranted, such as:

  • Whether the institution has cross-border operations;
  • The complexity of the institution’s assets and liabilities; 
  • The asset-size of the institution;
  • The extent of the institution’s leverage;
  • The institution’s interconnectedness with the financial system;
  • The degree to which the institution reports to multiple prudential supervisors;
  • The extent and nature of the institution’s off-balance-sheet exposures; and
  • The mix of business activities of the institution, such as whether it engages in community banking, commercial banking and/or investment banking.”

More information on Neil Esho’s appointment is available here.



Visit the World Council Advocate Blog for More