BASEL, Switzerland—The Bank for International Settlements (BIS), which serves central banks in their efforts to promote monetary and financial stability, is arguing permissionless cryptocurrencies are not suited to serve as the basis of a monetary system, although the bank acknowledges there are niche areas where cryptocurrency can provide improved efficiencies.
THE globe
CU News From Around the Planet
INDIANAPOLIS – Indiana’s credit unions played host to a group of 24 representatives from credit unions in Latin America who visited for several days to learn more about the American credit union business.
LONDON—The U.K.’s Treasury Committee is calling for the “alpha male” culture in financial services to come to an end in a bid to help women in the sector to progress into senior roles.
MADISON, Wis. – The Worldwide Foundation for Credit Unions has partnered with the Illinois Credit Union System to put out a call out to aid our Guatemalan peer credit unions, their employees and members to provide immediate disaster relief support.
CORK–Four credit unions here have partnered to pilot a loan program specifically tailored to the local farming community.
REGINA, Saskatchewan–A credit union here has partnered with the local United Way on a new program aimed at keeping more people from falling victim to the cycle of payday loans and simultaneously helping them to build credit.
PORT OF SPAIN, Trinidad and Tobago–Credit unions in the Caribbean are thriving, according to Dr. Keith Rowely. But the prime minister of Trinidad and Tobago said the success comes with new responsibilities, as well.
DUBLIN, Ireland–One credit union here that was victimized by fraud is reporting it spent nearly five times the amount of the fraud itself on a follow-up investigation and compensation to victims.
GIBSONS, B.C.–Sunshine Coast Credit Union here has joined with two other organizations as part of an initiative to keep people housed during times of acute financial stress by offering short-term, interest free loans and support through advocacy and referral services.
LONDON–German bank Sparkasse plans to establish a €30-million pilot project in Westmeath and Fingal in Ireland, with each area partnered for support with an individual not-for-profit regional bank in Germany, according to a new report.