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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.

GLASGOW, Scotland–In an unseasonably warm day in Scotland, credit union leaders from around the globe who are gathered here were urged to prepare for coming regulations around sustainable finance, including those related to climate change.