B.C. financial regulator launches review of how credit unions are run


British Columbia’s financial services regulator is launching a sweeping review that could result in major changes to the governance of the province’s credit unions.

Financial Institutions Commission superintendent Carolyn Rogers told The Globe and Mail that a task force will soon be appointed to examine the role of boards of directors in charge of credit-union co-operatives.

Unlike chartered banks, the people who use credit unions elect their directors.

Read full article here.

Sean Holman – Globe and Mail – June 19, 2011.

Want More Investigative Content?

Curate RegWatch
Curate RegWatchhttps://regulatorwatch.com
In addition to our original coverage, RegWatch curates top stories on issues and impacts arising from the regulation of economic, social and environmental activity in Canada and the U.S.


Please enter your comment!
Please enter your name here


Useful Idiots | Misguided Assumptions Leave Vapers Ignored | RegWatch

Reporting from the Global Forum on Nicotine 2023 in Warsaw, Poland, RegWatch takes a deep dive into the machinations of tobacco control and its...