DUBLIN, Ireland–Ireland’s credit unions are to get additional funding of up to €10 million for a program to finance the retrofitting of homes in the country.
THE globe
CU News From Around the Planet
MADISON, Wis.—The World Council of Credit Unions is reminding the nomination period for the 2021 WYCUP Scholarship program is now open and will run through May 31.
MADISON, Wis.––CUNA Mutual Group is committing up to $1 million to the World Council of Credit Unions—if credit unions rise to a challenge.
CHARLOTTETOWN, P.E.I., Canada–A merger proposal involving four credit unions in Prince Edward Island is gaining momentum, according to a new report. If successful, it would create the largest CU in Atlantic Canada
PARIS—The European Banking Authority (EBA) has published three regulatory instruments to address de-risking practices based on evidence gathered in its call for input.
LONDON — Cryptocurrencies are being used to evade laws and should face more regulation, according to the general manager of the Bank for International Settlements (BIS).
BASEL Switzerland—The Bank for International Settlements has published a paper on central bank digital currencies (CBDCs) and the future of cross-border payments
EDINBURGH, Scotland–Approximately £10 million in compensation has now been paid out to nearly 14,400 members following the collapse of six community banks in the space of three years, with one report saying it has led to “serious concerns” over how the institutions are being regulated.
WESTBROOK, Maine–Representatives of Synergent, a unit of the Maine Credit Union League, and the Irish League of Credit Unions have held discussions on how the credit union movement can “work together to achieve better outcomes for members through technology.”
NEW YORK—Transparency International has submitted a global petition to the United Nations General Assembly preparing for the UN’s first-ever Special Session against Corruption, UNGASS 2021, which will take place in June 2021.