THE globe

SEOUL, South Korea–South Korea's financial services regulator has asked major commercial banks to prepare approximately $4 billion in financing to support a credit unions hit by member withdrawals, two banking sources told Reuters.

BASEL, Switzerland—A new study projects that 15 retail central bank digital currencies (CBDCs) could be in circulation by 2030.

MEXICO CITY, Mexico—Remittances to Mexico hit a new monthly record of just under $5.7 billion in May.

VANCOUVER, B.C.–Attendees at the World Credit Union Conference were given an update on the activities of the Worldwide Foundation, the philanthropic arm of the World Council of Credit Unions (WOCCU).

VANCOUVER, British Columbia—The World Council of Credit Unions (WOCCU) launched a Climate Influencers Network, discussed ESG, and helped clean up a beach during its meeting here.

VANCOUVER, B.C.–Examples from around the globe of the innovative ways credit unions are expanding financial inclusion were highlighted by NCUA Board Member Rodney Hood here.

VANCOUVER, B.C.–The CEOs of three Canadian CUs that have gone through mergers recently were asked what was the biggest mistake they made in the process.

VANCOUVER, B.C.–In a country where retail banking is dominated by four big banks, two member-owned institutions have merged with a goal of creating a “real banking alternative for all Australians.”

VANCOUVER, B.C .–The rapid growth and an ongoing evolution in the buy now, pay later (BNPL) space was reviewed for credit unions here.

VANCOUVER, B.C.–Noting he was speaking on a day when wildfires were burning in Greece and Canada, Dele Adeleye offered credit unions here an overview of how one national regulator is approaching risks related to climate change.