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A year marked by COVID-specific regulations from the international standard setting bodies still included numerous victories for credit unions. Learn about the 10 World Council is most proud of securing on behalf of its members.
The gross domestic product (GDP) of the European Union (EU) will contract by 7.4% in 2020, while EU unemployment will hit a high of 8.6% next year, based on projections shared during the European Network of Credit Unions (ENCU) November 10 webinar—The COVID-19 Crisis and the Role of Community Finance in Recovery.
Our team has put together a COVID-19 Guide for Credit Unions focused on bringing together responses by the international standard setting bodies, prudential authorities and other operational recommendations focused solely on our industry. Pertinent topics include capital standards, accounting issues, IT concerns, designation as "essential" and other regulatory challenges faced by credit unions navigating the pandemic.
The Regulatory Telegraph is an online digest of the information you must know to ensure your cooperative financial institution remains in compliance with the modern (and future) regulatory environment.