Credit Unions and Caisses Populaires
Public comment closed
Comment Due Date

Thank you for providing your feedback on FSRA’s proposed Operational Risk and Resilience.

We appreciate the comments and questions received to date.

The request for submissions is now closed. The final guidance was release on August 18, 2023.

The Financial Services Regulatory Authority of Ontario (FSRA) is releasing proposed guidance that sets out the requirements for credit unions to effectively manage operational risk and demonstrate resilience that will ultimately better protect credit union members and their deposits.

Operational Risk is the risk of loss resulting from inadequate or failed internal processes, people, and systems, or from external events. Improvements in the sector’s ability to monitor its current internal and external environments, anticipate future threats, and respond effectively to stress events, will strengthen credit unions in Ontario.

The consultation period for the Operational Risk and Resilience Guidance for Credit Unions is now open and we encourage all interested stakeholders to provide feedback by March 31st, 2023.

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Before we begin, please make sure you do not include any personal or private financial information. If your inquiry does require this information be shared with us, please call us at 1-800-668-0128 or email us at [email protected] for instructions.

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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Credit Unions and Caisses Populaires
[2023-002] Riz Ahmad - DUCA Financial Services Credit Union Ltd.

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