The regulatory environment in Canada is becoming more complex due to the rapidly changing nature of the industry. Regulatory demands and oversight are increasing and there’s no signs of it slowing down in this changing environment. What this means is enhanced compliance practices and increased reporting for B.C. credit unions. We understand the time and resourcing strain to fulfill regulatory compliance and we’re here to help ease the burden.
How we can help:
- Remediation and support assignments – We know that regulatory expectations and oversight can be overwhelming. We will partner with you through every step of the way from initial planning, through to tracking progress throughout the process. From time-to-time, we’ll reach out to our trusted contractors to provide additional expertise and support where you need it most.
- Policy development – Strong documentation and policies provide a critical roadmap for staff to understand the guideposts of how the business operates and within its risk appetite. We have a repository of policy templates to draw from that we can help tailor to the unique needs of your credit union. If you don’t see what you’re looking for, reach out. We’re great at rolling up our sleeves and starting from scratch.
- Liaising with credit unions and the BC Financial Services Authority to have productive conversations about the future of the system.
We promise you’ll be breathing a sigh of relief after chatting with us.