The goal is to reduce regulatory burden and costs
AMF shares expertise with IADI subcommittee
Finance Canada is reviewing whether credit unions should be allowed to use “banking” and similar language when describing their services
Credit unions will have to remove any banking references from their advertising materials and their websites
The first federal caucus devoted to credit unions will provide representatives with financial co-operative with a platform to “address community concerns”
The halt is intended to enable the province to review the Financial Institutions Act and Credit Union Incorporation Act
The change in structure will allow the firm to broaden its ability to provide financial services to Canada’s credit union system
The CU now has the support it requires to pursue regulatory approval for federal CU status from several federal bodies, which is expected to take a year
A new bill from the provincial government is being characterized as the first major overhaul of provincial legislation governing credit unions in Alberta in 30 years
Combining the Fédération des caisses Desjardins du Québec and Caisse centrale Desjardins would simplify financial disclosure efforts