FSRA is consulting on proposed guidance on recovery planning to help credit unions increase their resiliency. By preparing recovery plans, credit unions will have strategies in place to respond effectively in the event of a crisis.
This proposed guidance is our Interpretation of legal requirements under the Credit Unions and Caisses Populaires Act, 1994, as well as a statement of FSRA’s Approach to assessing the quality of credit union recovery planning frameworks.
FSRA is inviting sector stakeholders and the general public to submit feedback on the proposed guidance. The consultation period is open from January 27, 2021 until March 19, 2021.
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