Credit Unions: Regulations Matrix

Publication Date: 2008
Published by: WOCCU - World Council of Credit Unions
Document Type: Other

View this Document   Email this Document

This paper outlines the characteristics of regulatory requirements for credit unions across different countries.

This regulations matrix, published by the World Council of Credit Unions (WOCCU) and the USAID covers a variety of regulatory issues, such as capital requirements, provisioning, restrictions on lending, auditing and dissolution, amongst others.

This regulations matrix is a companion piece to the Model Regulations for Credit Unions. The matrix also serves as an analytical tool:

• That compares and contrasts the regulatory environment of distinct credit union sectors around the world;
• For countries in the process of developing credit union or cooperative regulations by:
  
  • Noting how various countries address regulatory provisions;
  • Allowing the regulatory bodies to adapt the provisions to address the specific characteristics of their credit union sector and country.

The matrix highlights the regulatory provisions that should be improved or expanded when compared to counterpart provisions in another country’s regulations.

The regulations matrix contains specific provisions of 18 distinct credit union sectors comprising Bolivia, Canada - British Columbia and Ontario, Colombia, Costa Rica, Ecuador, Great Britain, Guatemala, Kyrgyz Republic, Laos, Lithuania, Mexico, Nicaragua, Sri Lanka, Trinidad & Tobago, Uganda, United States and Uzbekistan.