Philippine Coop Regulators Share Response to COVID 19Â
- Date : Thursday April 30, 2020
- Venue : Bangkruay
The webinar organized jointly by the Asian Confederation of Credit Unions (ACCU), World Council of Credit Unions (WOCCU), Cooperative Development Authority (CDA), Philippine Federation of Credit Cooperatives (PFCCO) and National Confederation of Cooperatives (NATCCO) on April 30 shared the immediate regulatory responses made by the Philippine regulators on COVID 19.
CDA, the regulatory body for cooperatives issued a memorandum circular allowing cooperatives to postpone their Annual General Assemblies until such time that the virus is contained. The regulator also encouraged cooperatives to help their members and communities using the Community Development Fund. Further, CDA has been very responsive in communicating to the cooperatives the measures taken by the government under the Enhanced Community Quarantine since March 14.
The presentation of the Vice President of WOCCU Andrew Price on the regulatory responses enable the cooperative leaders and regulators attending the webinar identify the types of guidelines cooperatives would require during the pandemic.
ACCU CEO Elenita San Roque was moderating the webinar. Here is the link to the webinar: https://youtu.be/HWkVLoELDKc