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BASEL, Switzerland —The World Council of Credit Unions (WOCCU), together with representatives from Australia, Canada, Poland, and the United States, made a sweep through three countries to visit with key International Standard Setting Bodies. The group also visited key influential European regulatory bodies to urge support for the credit union cooperative model, noting the important role that it plays in accomplishing financial inclusion around the world. WOCCU has been active with the G20 urging further direction to the international standard setting bodies to work more closely with nat...

MADISON, Wis.—The G20 in November adopted the G20 Bali Leaders’ Declaration, wherein it reaffirmed support for World Council of Credit Unions’ (WOCCU) advocated focus on financial inclusion.

MADISON, Wis.—The Basel Committee on Banking Supervision (Basel Committee) has issued guidance encouraging national-level regulators to consider tailoring its standards for less complex financial institutions such as credit unions—a position long-advocated for by World Council of Credit Unions that will benefit financial cooperatives and their members worldwide.