BASEL, Switzerland—The Bank for International Settlements (BIS), the central bankers’ bank, has published a report about Central Bank Digital Currency (CBDC). The conclusion is central banks should proceed with caution.
CU News From Around the Planet
MADISON, Wis. — As part of the celebration around its 10th anniversary, the Global Women’s Leadership network is recognizing “GWLN champions.”
EDMONTON, Alberta–Servus Credit Union here said it will give away $1 million to one lucky winner this Spring as part of its “The Big Share Contest,” which it described as the biggest of its kind in Canada.
MADISON, Wis.–The World Council of Credit Unions has filed a comment letter with the International Accounting Standards Board that calls for clarification on how regulatory requirements should be accounted for on convertible bonds and similar instruments.
DUBLIN, Ireland–Ireland’s credit unions are poised to receive regulatory approval to raise loan rates.
ERBIL, Iraq–Brian Branch, president and CEO of the World Council of Credit Unions, has been traveling in the Kurdistan region as part of discussions over whether credit unions might be established to help refugees and others in the region.
HANGZHOU, China—Ant Financial, the Chinese e-commerce giant partly owned by Alibaba, is rumored to be looking to acquire British currency exchange startup WorldFirst for around $700 million, according to a new report.
WASHINGTON—Legal and illegal migrants sent $53.4 billion in remittances back to Mexico and Central America in 2018, or approximately double the estimated cost of building a border barrier on the U.S.-Mexico border, according to a World Bank report.
MADISON, Wis. — The World Council of Credit Unions is seeking nominations for its nominations for its World Council Young Credit Union Professionals (WYCUP) scholarship program, an international networking and educational opportunity for emerging credit union leaders.
BEIJING, China—A number of countries around the world, including China, India, Iran, Turkey, Russia, Venezuela and others, are abandoning the U.S. dollar for alternative payment methods, a new report states.