October 25, 2024

The future of Financial Services Regulation and what it means for your sector

Join us for the second annual FSRA Credit Union Board Directors Conference as our line-up of industry and regulatory leaders discuss current issues, innovations, and the evolving landscape of financial services regulation and how that will impact you, your organization, and your sector. It’s also a great opportunity to network with your peers and the FSRA team.

Key takeaways from the conference include:

  • supporting and strengthening board directors understanding of principles based regulation (PBR), risk based supervision (RBS), and related accountabilities for credit union boards
  • the importance of effective corporate governance and resilience to promote sector stability in a dynamic environment
  • developing and strengthening relationships with union boards and FSRA



8:00 am – 9:00 am

Conference registration and breakfast

9:00 am – 9:30 am

Opening remarks – The Ontario Advantage
Mehrdad Rastan, Executive Vice President, Credit Union and Insurance Prudential, FSRA


The magnitude and rate of change in the credit union sector poses challenges, yet provides opportunities to grow its membership and remain long-term viable and sustainable. FSRA and credit union boards have distinct and critical roles in ensuring that within the Ontario regulatory regime the credit union sector evolves to continue to effectively meet the needs of its members in this rapidly changing financial services landscape.

9:30 am – 10:15 am

Session 1 – The role of Board Directors in a PBR environment
Jordan Solway, Executive Vice President, Legal and Enforcement, FSRA


FSRA’s approach to principles based regulation enhances consumer protection, facilitates innovation and leads to more efficient and effective regulation. Board directors play a vital role in this culture shift toward an emphasis on communication, collaboration, and transparency.

10:15 am – 10:45 am

Networking and refreshment break

10:45 am – 11:30 am

Session 2 – Risk Based Supervision
Dan Oprescu, Head, Credit Union Prudential Supervision, FSRA


At FSRA, supervisory work is continuous, dynamic, and timely to ensure changes in the business, sector, and environment are identified early and reflected in FSRA’s actions and priorities. Board directors will learn more about what to expect from continuous supervision.

11:30 am – 12:15 pm

Session 3 – Evidence Based Policy
Victoria Lesau, Director, Policy Credit Union, Insurance Prudential and Pensions, FSRA
Bradley Hodgins, Director, Regulatory Initiatives and Knowledge Management, FSRA
Antoinette Leung, Head, Financial Institutions and Mortgage Brokerage Conduct, FSRA


Join our experts as they elaborate FSRA’s 5-year workplan on Rules and Guidance. Board directors will learn more about upcoming guidance, including Capital Framework Modernization and Market Conduct Code Enhancements.

12:15 pm – 1:30 pm

Lunch and networking break

1:30 pm – 2:00 pm

Session 4 – FSRA’s White Paper on Ontario’s Credit Union Sector strategy, stability, and long-term viability
David Maxwell, Head, Regulation and Strategic Initiatives, FSRA


Board directors will learn more about how FSRA’s White Paper on Ontario credit unions aims to drive positive change in Ontario’s credit union sector by responding to long-term strategic challenges and opportunities.

2:00 pm – 3:15 pm

Session 5 – Panel: Ontario’s Credit Union Sector strategy, stability, and long-term viability
Panelists: To be confirmed. Check the FSRA website for updates
Moderator: David Maxwell, Head, Regulation and Strategic Initiatives, FSRA


Building on the insights from the White Paper session, this panel discussion will provide Board directors with a deep dive into a variety of topics, including collaboration opportunities and increased consumer expectations.

3:15 pm

Conference end

3:15 pm – 4:00 pm

Networking and refreshment break