CRO

Proportionality in financial regulations. Asset size, business complexity & risk profile should matter.

Proportionality in financial regulations. Asset size, business complexity & risk profile should matter.

Financial regulation is not national security. Edward Snowden alleged that 'collect it all' was a mantra of the US National Security Agency. But this seems rather heavy-handed for regulatory oversight of provincial credit unions. As a self-declared 'data-driven regulator', BC Financial Services Authority appears intent on data collection regardless of prudential supervisory risk or industry impact.

Credit union intervention: an ERM failure?

Credit union intervention: an ERM failure?

John Lennon penned ‘we get by with a little help from our friends’. Credit unions can need help too, say when placed under regulatory intervention. Does such an act signal ineffective Enterprise Risk Management practices of the credit union?