World Council details top international advocacy wins of 2021

by CUNA News

The World Council of Credit Unions continued to successfully advocate before international standard setting bodies on behalf of the global financial cooperative movement in 2021.

Here are World Council’s top international advocacy success stories of 2021.

G20 Reaffirms Support on Proportionality and Financial Inclusion
The G20 reaffirmed its support for a WOCCU advocated position that national-level regulators put a greater focus on proportionality in the newly released G20 Rome Leaders’ Declaration, which embraces a commitment to enhancing the financial inclusion of vulnerable and underserved segments of society that credit unions should now have an even greater opportunity to serve.

  • It endorsed the G20 Menu of Policy options focused on digital financial literacy and financial consumer protection, as well as the risk-based approach of the Financial Action Task Force (FATF), which aims to promote financial inclusion and ensure legitimate cross-border payments.

 

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