Gus Hartl, CEO of Aldergrove Credit Union discussed the application process undertaken for mergers and acquisition of credit unions with Christ Elgar, VP and Deputy Superintendent at BC Financial Services Authority (BCFSA)
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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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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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