FSRA hosted event

Ontario credit union board of directors

FSRA Hosted Event
Credit Unions and Caisses Populaires
September 18, 2023
8:30AM - 4:30PM
The Westin Harbour Castle, Toronto ON

Conference Objective: Develop relations between FSRA and Credit Union boards. Support and strengthen board directors’ understanding of principles-based regulation (PBR) and risk-based supervision (RBS), which have resulted in higher expectations and accountabilities for Credit Union boards.

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8:30 am – 9:15 am

Conference registration and breakfast

9:15 am – 9:30 am

Opening remarks (Mehrdad Rastan, Executive Vice President, Credit Union and Insurance Prudential) (see bio)

9:30 am – 10:00 am

Keynote by FSRA CEO – Principles Based Regulation and the Importance of Effective Board Oversight (Mark White, CEO) (see bio)

10:00 am – 10:45 am

Session 1 – Principles Based Regulation (Jordan Solway, Executive Vice President, Legal and Enforcement & Dr. Cristie Ford) (see bio)

10:45 am – 11:00 am

Networking and refreshment break

11:00 am – 11:45 am

Session 2 – FSRA’s Risk Based Supervision (Dan Oprescu, Head, Credit Union Prudential Supervision) (see bio)


  • FSRA’s Assessments and Expectations
  • Rating Rigour and Quality Assurance
  • The Integrated Approach – Market Conduct Assessments 
  • Q&A

11:45 am – 12:30 pm

Session 3 – Evidence-based Policy (Dan Padro, Director, Policy – Credit Unions, Insurance Prudential & Pensions and Bradley Hodgins, Director, Regulatory Initiatives and Knowledge Management) (see bio)


  • How FSRA develops guidance and rules
  • 5-year Workplan
  • Q&A 

12:30 pm – 1:30 pm

Lunch and networking break

1:30 pm – 2:15 pm

Session 4 – The co-operative Climate Action Plan (Benoit André, Executive Director, Co-operative Development Foundation of Canada) (see bio)


  • Climate actions to mitigate emissions through the collaboration of co-operatives
  • Achieving the Sustainable Development Goals
  • Role of the board 
  • Q&A

2:15 pm – 3:15 pm

Session 5 – The Leader Character Framework – Part 1 (Bill Furlong and Mary Crossan) (see bio)


  • Leader Character Dimensions 
  • Why leader character is important in developing effective boards and for organizational excellence and well-being
  • Q&A

3:15 pm – 3:30 pm

Networking and refreshment break

3:30 pm – 4:30 pm

Session 6 – Case Study – The Leader Character Framework – Part 2 (Mary Crossan and Bill Furlong) (see bio)


  • Continuation from session 5
  • Case studies
  • Q&A

4:30 pm

Conference end

Resources and relevant links

Risk Based Supervisory Framework for Credit Unions (RBSF-CU)

Regulatory Compliance

Supervisory Expectations

The Integrated Approach - Market Conduct Assessments

Supervisory Assessment Requirement Example

Guidance Development

FSRA Rules

FSRA Rules and Guidance

5-Year Work Plan for Rules/Guidance