NEW YORK—New York again heads the rankings of the world’s leading global financial centers.
THE globe
CU News From Around the Planet
PARIS—Speaking before the Franco-German Parliamentary Assembly European Central Bank (ECB) President Christine Lagarde made a case for the digital euro, saying it would provide an alternative to private digital currencies.
PARIS–A new effort is underway in Europe to challenge the dominance of the biggest players in payments.
SYDNEY, Australia.—The Australian arm of a global bank is the latest financial institution to be fined for breaching anti-money laundering laws.
MADISON, Wis.–The challenge of financial inclusion, diversity and equity isn’t one limited to the United States. Nor is the solution, according to a panel of three credit union leaders.
DUBLIN, Ireland–Ireland’s Central Bank, which regulates the country’s credit unions, has published its fourth edition of the Credit Union PRISM Supervisory Commentary Report, which is designed to inform all credit unions on the nature and type of risks identified during Central Bank 2019 supervisory engagements, and related supervisory expectations in addressing such issues.
CARDIFF, Wales–The Welsh government said it will provide as much as £1 million in funding to be invested in credit unions to ensure they can provide access to fair and affordable credit for people affected by the coronavirus pandemic.
MEXICO CITY—Remittances to Mexico once again beat estimates in July, rising 7.2% from the same month of 2019 to $3.53 billion, reflecting 10.2% year-on-year growth for January-July.
DUBLIN, Ire.–Like credit unions around the world, this country’s CUs have seen a flood of deposits as a result of the COVID-19 pandemic. Unlike credit unions in many places, Ireland’s CUs have put a limit on the cash they will accept.
PORT OF SPAIN, Trinidad–The president of the Co-Operative Credit Union League here, Joseph Remy, is calling on the government to establish a technical assistance fund for retraining of people during the COVID-19 pandemic.