Credit Unions and Caisses Populaires
Comment Due Date

FSRA is consulting on proposed Resolution Planning Guidance. The Guidance applies to large credit unions with assets greater than $1 billion. 

The proposed Guidance sets out the principles of effective resolution planning 

It also describes how FSRA will assess whether credit union resolution strategies and plans meet the goals of: 

  • removing material barriers to effective resolution
  • contributing to public confidence in and the stability of the sector
  • providing members and consumers with insurance against the loss of deposits
  • ensuring the continuity of critical functions
  • minimizing exposure to the Deposit Insurance Reserve Fund (DIRF) to loss

FSRA invites stakeholders and the public to provide feedback until February 18, 2022.

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