International Advocacy Updates
Get the very latest on World Council's International Advocacy efforts.
WOCCU 2023 Global Regulatory Update Focuses on Credit Unions as the Catalyst for Rebuilding
The ability of credit unions to weather financial shocks draws consumers to them during times of crises—something regulators must recognize and allow for to help the world recover from the current climate of economic uncertainty. That's the theme of our 2023 Global Regulatory Update.
ENCU Leaders Urge Policymakers to Support Limits on Regulatory Burdens to Speed Economic Recovery
The European Network of Credit Unions (ENCU) and WOCCU in November 2022 sought support from the European Parliament, European Commission and the Council of the European Union (EU) on limiting regulatory burdens on credit unions.World Council Applauds International Accounting Standards Board Proposal to Update IFRS for SMEs
The International Accounting Standards Board (IASB) of the IFRS Foundation in September issued proposals to update the IFRS for SMEs Accounting Standard—a step long-advocated for by World Council of Credit Unions (WOCCU) as a way to reduce regulatory burdens for credit unions when implementing IFRS 9.
Basel Committee Issues Needed WOCCU-Advocated Guidance on Proportionality
The Basel Committee on Banking Supervision (Basel Committee) has issued guidance encouraging national-level regulators to consider tailoring its standards for less complex financial institutions such as credit unions—a position long-advocated for by World Council of Credit Unions.
