CUDA attended at the Central Bank’s Launch of Anti-Money Laundering & Countering the Financing of Terrorism Guidelines for the Financial Sector. The keynote speaker was Derville Rowland, Director General, Financial Conduct.
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CUDA continues to advocate for legislative change to the Credit Union Act that will permit credit unions broaden their lending possibilities.
CUDA met this week with the Registry of Credit Unions in relation to the new lending Regulations which are now in draft format. The draft Regulations were shared with CUDA earlier in the month as part of a limited consultation process.
CUDA encourage all Directors to take the opportunity to complete the survey circulated by CUAC, endorsed by the Minister for Finance, Public Expenditure and Reform. In his covering note the Minister stated “your responses will be invaluable in helping the CUAC, my officials and me to understand the experiences of credit union directors today and help guide future policy formulation”. This is a key part of CUAC’s workplan for 2019 and is a great opportunity to get your voice heard, please contact CUDA office if you require any assistance with this matter.
CUDA was invited by CUAC to present on their role, experiences and learnings in relation to facilitating credit union collaboration to assist CUAC with their policy paper.
Credit Unions received an email communication from Central Bank on 31st May 2019 on Fraud Reporting Requirements under PSD2. MLROs or other relevant appointed persons are invited to partake in a Central Bank (Paystats), webinar which is scheduled for next Tuesday 30th July at 10am.
CUDA are looking forward to your participation at the CUDA Annual Michael Joyce Memorial Golf Classic – Saturday 24th August 2019, at Limerick Golf Club, Ballyclough. Sincere thanks to those who have already registered their teams and for payments made to date
A requirement of the EU’s 4th AMLD was to set up a Beneficial Ownership Register (BOR) for corporate and legal entities. The BOR was expected to go live on the 20th June 2019 and has been delayed.
Credit unions feature regularly in the ISI e-briefing – the e-briefing summarises cases which interpret the Personal Insolvency Act 2012.
Positioning Credit Unions for the next 5 years and beyond poses big questions for credit unions, such as how do you plan for a world that is in constant flux? and how do you make a credit union fluid enough to respond to constant change and volatility? In this presentation the CUDA CEO breaks these big challenges down in manageable steps, the key is to start with a clear purpose which CUDA believes is “improving the financial, social and environmental well-being of credit union members and their communities”, then identify the strategic themes, the appropriate measures ad finally the enablers and initiatives. CUDA and the Solution Centre roadmap are helping credit unions to get their positioning right.