ID
2021-026

Type
Policy
Sector
Credit Unions and Caisses Populaires
Status
Open
Date
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.

Useful links

#

Before we begin, please make sure you do not include any personal or private financial information. If your inquiry does require this information be shared with us, please call us at 1-800-668-0128 or email us at contactcentre@fsrao.ca for instructions.

By submitting your content, you agree to have your materials posted on our engagement portal, used in reports and other materials prepared by Financial Services Regulatory Authority of Ontario (FSRA) that may be shared with the public. Content is moderated so that all posts are respectful and professional. The Freedom of Information and Protection of Privacy Act, R.S.O. 1990, c.F.31, applies to all online content.

Use left and right arrows to navigate between tabs.
No comments have been added to this consultation yet.
No questions have been asked about this consultation yet.