GLASGOW, Scotland–An update on the rapid and ongoing growth of the Global Women’s Leadership Network (GWLN) was shared with attendees at the World Credit Union Conference here, which is appropriate given the role the World Council played in its creation.
THE globe
CU News From Around the Planet
SAN FRANCISCO—Consumers are increasingly turning to digital payments to send money around the world, a new study reveals.
TAIPEI CITY, Taiwan—Taiwan has completed trials of its prototype central bank digital currency (CBDC) in technical simulations.
LONDON—More than six million individuals and businesses in the U.K. now regularly use open banking services, the country’s Open Banking Implementation Entity (OBIE) is reporting.
RIO DE JANEIRO, Brazil—Visa has rolled out Latin America’s first crypto cards using partner companies in Brazil and Argentina.
MANCHESTER, U.K.–A program that offered interest-free loans through credit unions and other lenders in this country to 20,000 people is being expanded to reach as many as 500,000.
WASHINGTON—Remittances could hit $630 billion globally by the end of this year, according to a new report from the World Bank.
BASEL, Switzerland.—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, according to the World Council of CUs, which has been advocating for the guidance.
BASEL SWITZERLAND—Among other risks, cryptocurrency assets may have one particular large downside compared to the traditional financial system, the Bank for International Settlements (BIS) is cautioning.
ALEXANDRIA, Va.–NCUA last week hosted a pair of virtual briefings aimed at helping Ukraine’s credit union regulator even as that country remains under attack from Russia. The Ukrainians also offered updates on the situation they face during the meetings.