We require them to disclose their fees and charges. They also need to publish their audited accounts. Directors and management have to pass the test of a fit and proper person. I am not sure whether this is being done to the credit unions. For instance do you publish your audited accounts?
In contrast, Japanese firms, which place priority on long-term employment, tend to first cut working hours and raise the number of employed persons not at work in response to a decrease in demand, and thereby try to maintain employment. This difference in the employment stance may also reflect the distinct safety nets in the respective labor markets.