Thom Meyer, VP, Finance at Aldergrove Credit Union is lobbying, on behalf of a group of BC credit union's, with BC Financial Services Authority (BCFSA), regarding the structure they mandated for Mandatory Liquidity Pool (MLP) segregation. They are lobbying for a flexible transition as there is significant risks associated with the transition. These risks are related to valuation, tax, and general operating risk given COVID-19 - deferrals, delinquencies and other impacts on earnings and cash flow, interest rates spread and stress on credit union treasury staff.
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Development, establishment, amendment or termination of any program, policy, directive or guideline of the government of British Columbia or a Provincial entity
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Financial Institutions
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