The Filene Research Institute has joined with Credit Union Central of Canada to sponsor a study seeking to quantify the effects of growing regulation on credit unions in Canada and the United States.
Credit unions in both nations are asked to participate in the survey that will form the basis of the research by professors Panu Kalmi of the University of Vaasa in Finland and Giovanni Ferri of LUMSA University of Rome in Italy.
“When legislatures, regulators, and international standards organizations write financial regulation, they follow the headlines, writing checks and balances designed to fend off the last crisis and to target egregious offenders or systemically risky organizations,” Filene said in its announcement.
“The merits of this approach are debatable, but it almost always fails to account for small financial institutions, like credit unions, which must find ways to cope with new mandates,” the institute said.
The research will focus on the time spent complying with specific regulations and quantify its differing effects across assets sizes, the Madison, Wis., think tank said.
“We are excited to start this research with Professor Kalmi and Professor Ferri,” said Ben Rogers, research director at the Filene Research Institute. “A clear-eyed measure of how regulations are affecting credit unions will be helpful for both credit unions and policymakers. The deadline for participation is on or before June 14.”
There are American and Canadian versions of the survey and both are available online.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
