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.
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