NEW YORK/LONDON/HONG KONG–It isn’t just credit unions warily watching emerging competition from fintechs and other players.
CU News From Around the Planet
WASHINGTON–What will the pending CECL rules mean for banks in the U.S. once they are implemented? The United Kingdom’s banks may offer a preview
BASEL, Switzerland–The Financial Stability Board (FSB) has issued a new warning that crypto-based financial assets pose a threat to the security of financial markets.
BASEL, Switzerland- The Basel Committee on Banking Supervision has issued a revised Stress Testing Principles standard that will significantly reduce the regulatory burdens of stress tests on credit unions and other community-based financial cooperatives, according to the World Council of Credit Unions.
MADISON, Wis. — The World Council of Credit Unions (WOCCU) said it has been awarded funding from the U.S. Agency for International Development (USAID) for the Cooperative Development Program – Technology and Innovation for Financial Inclusion (CDP TIFI).
MADISON, Wis. — Eleni (Lena) Giakoumopoulos has been named as the Program Director for the Global Women’s Leadership Network (GWLN) at the World Council of Credit Unions (WOCCU).
DUBLIN, Ireland–For the fourth year in a row, Ireland’s credit unions have been named as the top-ranked brand in terms of customer experience in the country.
YEREVAN, Armenia—The Council of the European Union has adopted a regulation aimed at improving controls on cash entering or leaving the EU. The move follows an agreement reached with the European Parliament in June.
BASEL, Switzerland—More than 200 banks around the globe, including 111 large internationally active banks, are making progress in meeting initial minimum Basel III standards, a new report indicates.
ADELAIDE, Australia–In what will be their last year of sponsorship of a traditional Christmas parade here, several credit unions have unveiled their floats.