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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
FATF Risk-Based Guidance on Recommendation 25 (Beneficial Ownership and Transparency of Legal Arrangements) December 8, 2023
Committee on Payments and Market Infrastructures (Bank for Int'l Settlements) Linking Fast Payment Systems Across Borders: Considerations for Governance and Oversight December 13, 2023
European Commission Critical ICT Third-Party Service Providers - Criteria & Fees December 14, 2023
Basel Committee Disclosure of Banks' Cryptoasset Exposures January 31, 2024
Basel Committee Discussion Paper on Digital Fraud February 16, 2024
Basel Committee Disclosure Framework for Climate-Related Financial Risk February 29, 2024
 

Recent News on our Competent Authorities

 

2023-11-29

Basel Committee Consults on Disclosures for Climate-related Financial Risk

The Basel Committee on Banking Supervision issued a public consultation paper on a Pillar 3 disclosure framework for climate-related financial risks.

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Basel
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Basel Committee Consults on Disclosures for Climate-related Financial Risk

2023-11-29

Basel Committee Provides Details on Climate-Related Financial Risk Management

In a recent newsletter the Basel Committee provided additional information regarding the status of implementation of the Principles for the effective management and supervision of climate-related financial risks (Principles) and current gaps.

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Basel
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Basel Committee Provides Details on Climate-Related Financial Risk Management

2023-11-07

US Congressmen Question Basel Committee Rulemaking Process

A few members of the United States Congress are requesting the U.S. Government Accountability Office (GAO) examine the role U.S. federal banking agencies played in the Basel III international capital standards. Financial Services Committee Chairman Patrick McHenry and Monetary Policy Subcommittee Chairman Andy Barr are criticizing the global regulatory capital requirements and related U.S. implementation proposals.

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Basel
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US Congressmen Question Basel Committee Rulemaking Process

2023-10-23

Basel Committee Discusses Banking Vulnerabilities, Climate and Cryptoasset Disclosures

The Basel Committee on Banking Supervision met in October to evaluate recent market developments and risks to the global banking system. The Committee also discussed several policy and supervisory initiatives.

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Basel
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Basel Committee Discusses Banking Vulnerabilities, Climate and Cryptoasset Disclosures

2023-10-13

World Council Urges Basel Committee to Limit Regulatory Burden on Credit Unions

World Council submitted a comment letter last week on the Basel Committee’s proposed updates to the Core Principles for Effective Banking Supervision (Core Principles). The Core Principles are global standards for prudential regulation and supervision. Supervisory authorities across the globe use the Core Principles as a benchmark for evaluating the effectiveness of their regulatory and supervisory frameworks. This is the first formal update to the Core Principles since 2012.

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Comment Letter, Basel
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World Council Urges Basel Committee to Limit Regulatory Burden on Credit Unions

Visit the World Council Advocate Blog for More