ID
2020-016

Type
Policy
Sector
Credit Unions and Caisses Populaires Sector
Status
Public comment closed
Date
Comment Due Date

The Financial Services Regulatory Authority of Ontario (FSRA) continues to make the protection of credit union members’ deposits and the stability of the credit union sector a priority.

FSRA is proposing enhancements to its existing liquidity guidance, in order to better protect the assets that credit unions hold to satisfy potential liquidity needs. The proposed enhancements will ensure that the assets credit unions hold for liquidity purposes continue to be:

  • available on demand; and
  • protected from creditors of third parties. 

We are seeking sector stakeholder and public input on the proposed enhancements to FSRA’s liquidity guidance for credit unions. We invite you to submit feedback on FSRA website until December 2, 2020.

FSRA is continuing to work with those we regulate to ensure financial safety, fairness and choice for consumers and members. Learn more at www.fsrao.ca.

#By submitting your content, you agree to have your materials posted on our engagement portal, used in reports and other materials prepared by Financial Services Regulatory Authority of Ontario (FSRA) that may be shared with the public. Content is moderated so that all posts are respectful and professional. The Freedom of Information and Protection of Privacy Act, R.S.O. 1990, c.F.31, applies to all online content.

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