International Credit Union Regulators Meet at 2006 World Conference
N. Srinivasan, National Bank for Agriculture and Rural Development (India) and N.S. Vishwanathan, Reserve Bank of India, at the Regulators' Roundtable.
The 2006 WOCCU World Credit Union Conference
wasn't just for credit union and association
professionals. Regulators were also given a prime
opportunity to network at the 4th annual
Regulators' Roundtable, July 26-27.
Prior to the opening
ceremony of the World Conference, 33
regulators from 15 countries shared concerns and
practices in credit union regulation. This year's
roundtable, hosted in conjunction with the Irish
Financial Services Regulatory Authority,
largest number of participants in the meeting's
In the months leading up to the roundtable,
distributed a 40-question survey among leading
regulators to gather a global perspective
on current issues and risks in the credit union
industry. Twenty regulators from 17 countries
responded, and the roundtable agenda was created
from their feedback.
Roundtable discussions focused on trends such
as implementation of Basel II, credit
union competition, governance, consolidation and
demutualization. Regulators from Australia,
Canada, India, Ireland, Poland, Switzerland, the
United States and the United Kingdom gave
presentations and led discussions on best
practices in the countries represented at the
"This is the only place in the world that so
credit union leaders can meet, network and
discuss their concerns," Dave Grace, WOCCU senior
manager of association services and roundtable
organizer emphasized. "Regulators look to WOCCU
to help bring them together and to help share
best practices in regulation."
Regulators expressed overwhelming enthusiasm
the event, even requesting a longer, two-day
meeting at next year's conference in Calgary,
World Council of Credit Unions is the global trade association and development agency for credit unions. World Council promotes the sustainable development of credit unions and other financial cooperatives around the world to empower people through access to high quality and affordable financial services. World Council advocates on behalf of the global credit union system before international organizations and works with national governments to improve legislation and regulation. Its technical assistance programs introduce new tools and technologies to strengthen credit unions' financial performance and increase their outreach.
World Council has implemented more than 290 technical assistance programs in 71 countries. Worldwide, 56,000 credit unions in 101 countries serve 200 million people. Learn more about World Council's impact around the world at www.woccu.org.