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Internationalization of financial system regulations is a trend that will include credit unions, said Dave Grace, World Council of Credit Unions vice president of association services. The Credit Union Regulators’ Roundtable, an annual event supported, in part, by WOCCU, is providing a familiar and structured setting that is assisting the movement’s regulators in achieving that goal.

For the past seven years, the world’s top credit union regulators have gathered behind closed doors to discuss regulatory challenges and solutions. Grace, who serves as moderator, has been the only non-regulator present. He said the lack of industry trade organizations and press, along with a strong rapport built among participants over the past seven years, allows the group to speak freely and openly, and engage in productive give-and-take dialogue.

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