FSRA is consulting on the new integrated Risk Based Supervisory Framework for credit unions to enhance protection for the sector and its members
The Financial Services Regulatory Authority of Ontario (FSRA) is consulting on proposed Approach Guidance for its Risk Based Supervisory Framework.
The Risk Based Supervisory Framework sets out FSRA’s supervisory practices and approach to assessing the risk profile of credit unions.
FSRA’s level and extent of supervision of a credit union under the Risk Based Supervisory Framework will depend on the size, complexity and overall risk profile of the credit union.
FSRA thanks the Technical Advisory Committee for Regulatory and Supervisory Initiatives for their input into the proposed Guidance.
FSRA invites stakeholders and the public to provide their feedback until February 4, 2022.
Learn more:
The Financial Services Regulatory Authority of Ontario (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.