MADISON, Wis. — The World Council of Credit Unions is reporting that the first conference for Eastern European Credit Unions, which it hosted with the Russian Credit Union League, has been a success. The event, hosted in Moscow from Sept. 10-12 drew 217 participants from 12 countries who attended to discuss the progress of credit union movements in Eastern Europe and throughout the world, WOCCU said.
Attendees from Azerbaijan, Iran, Ireland, Ukraine, Uzbekistan and other countries participated in lively discussions on issues of critical importance to credit unions in the region, the organization added.
Topics ranged from how credit unions can strengthen their social and civic responsibility to why and how credit unions are regulated in the United States. Mr. Vladimir Lukov, Deputy Director of the Department for Finance Policy, Finance Ministry of the Russian Federation, provoked a spirited debate when he presented on the Finance Ministry's plans to create one national system of regulation for all types of microfinance institutions in Russia.
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