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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
Financial Action Task Force FATF Guidance on Beneficial Ownership (Recommendation 24) December 6, 2022
Financial Action Task Force Revision of R25 and its Interpretive Note
December 6, 2022
IFRS Proposals to Update Accounting Standards for SMEs March 7, 2023
 

Recent News on our Competent Authorities

 

FSB Publishes Progress Report on Enhancing Non-Bank Financial Intermediation

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Financial Stability Board

On November 10, 2022, the Financial Stability Board (FSB) published its progress report on Enhancing the Resilience of Non-Bank Financial Intermediation (NBFI), which was provided to the G20, analyzing NBFI liquidity imbalances during times of financial market stress. The report includes policy proposals directed to issues of systemic risk, especially in light of stressors within the commodities and bond markets; as well as solutions of vulnerabilities identified in “money market funds, open-ended funds, margining practices, bond market liquidity, and cross-border USD funding in emerging market economies (EMEs).” The FSB plans to work with the International Organization of Securities Commissions (IOSCO) to improve short-term funding markets, and any other work to develop the resilience of liquidity provision in core bond markets.

More information on the FSB's progress report to the G20 can be found here.



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