Years as Prudential Regulator for Credit Unions: Most jurisdictions indicated a category of 9+ years with the minimum 3 5 years. One jurisdictions was in a process of transition of supervisory authority for the sector.
Examiners Assigned to the Credit Union Sector: Most jurisdictions indicated that the number of examiners was in the 1-5 category. One jurisdiction had a maximum number of 6 10 examiners.
Number of Credit Unions in jurisdiction: Most respondents indicated 1-5 category with two (2) jurisdiction having 20 + Credit Unions.
Priority Focus Areas for CACS: The order of priority of members for the 3 listed categories were as follows:-
a) Training on the latest development in Credit Unions,
b) Forum for information exchange
c) Representation of Credit Union Regulators in International initiatives.
Preferred Topics for training workshops and seminars:
The responses in order of priority were as follows:
1. Risk Supervision/Guidelines for on-site inspection
2. AML and CFT
3. Technical Report writing
Financial Crisis Management
5. Corporate Governance
6. Capital adequacy/risk capital for small credit unions
7. International standards and best practices
Asset Quality, Liquidity and Solvency
Type of delivery for training: Most respondents indicated that training should be delivered in person with webinars as the next choice. One jurisdiction recommended joint on-site examinations to be conducted between/among the members.
Factors influencing decision to maintain membership:
Various factors listed were :-
1. Networking and collaboration
2. Training activities and knowledge sharing
3. Membership fees
4. Cost of travel
5. Representation at international prudential level
6. Number and nature of Credit Unions
Preferred method of communication: Email was ranked as the number one method of receiving information from CACS, followed by telephone calls, website and fax.
Partnerships for CACS:
The organisations recommended for partnership with CACS were as follows:
WOCCU World Council of Credit Unions
CARTAC Caribbean Regional Technical Assistance Centre
CCCU Caribbean Confederation of Credit Unions
ICURN - The International Credit Union Regulators' Network
ECCB Eastern Caribbean Central Bank
CASROC Caribbean Association of Regulators of Co-operatives
CARICRIS - Caribbean's regional credit rating agency
CGBS - Caribbean Group of Banking Supervisors
ASBA Association of Supervisors of Banks of the Americas
DICO Deposit Insurance Corporation of Ontario
CUR Credit Union Regulators Canada
PRA (UK) - The Prudential Regulation Authority
CCRN Canadian Co-operative Regulatory Network
Date and Venue of next meeting:
Venue suggestions were: Belize, Guyana, Grenada and the Western Caribbean. Offers to host the meeting were received from Haiti, the Cayman Islands and Grenada.
The majority of respondents preferred the meeting to take place in the 3rd quarter 2015. Barbados has expressed interest in serving on the Advisory Committee.