About Us

We're Committed

As a modern, effective and efficient regulator, the new BCFSA is committed to protecting consumers, and pension plan and credit union members. We're also committed to fair and efficient regulation of the stakeholders we oversee.

The BC Financial Services Authority works in the public interest

We're proactive and forward looking. We take a risk-based approach to financial services supervision fitted to dynamic nature of the sectors we oversee. Our primary focus has remained consistent as we've evolved over the last 30 years - to safeguard the interests of depositors, policyholders, beneficiaries and pension plan members.

Our executive team members are leading experts in their financial services fields.

CEO Blair Morrison

CEO Blair Morrison has more than 25 years experience in senior executive roles with industry leaders. He was most recently with Bank of Montreal where he held positions with enterprise-wide accountability in Procurement, as Chief Procurement Officer, Compliance, as Chief Compliance Officer, and Legal, as Senior Vice-President and Corporate Secretary.

V.P. Frank Chong, Deputy Superintendent of Financial Institutions, Regulation

Frank Chong is Vice President and Deputy Superintendent of Financial Institutions, Regulation. Frank has more than 18 years of experience within the financial services sector. His responsibilities include credit unions, P&C and life insurers, captives, and trust companies. Frank is also currently vice chair of the Canadian Council of Insurance Regulators (CCIR).

V.P. Chris Elgar, Deputy Superintendent of Financial Institutions, Prudential Supervision

Chris Elgar is Vice President and Deputy Superintendent of Financial Institutions, Prudential Supervision. Chris brings over 35 years of financial services experience as a senior executive at major Canadian banks including Manulife Bank where he was Chief Risk Officer. Chris also served at the federal Office of the Superintendent of Financial Institutions within the Supervision Group where he held Relationship Manager roles, as well as Managing Director responsible for Capital Markets risk assessments for federally regulated financial institutions.

V.P. Michael Peters, Deputy Superintendent of Pensions

Michael Peters Vice President and Deputy Superintendent of Pensions. Michael has over 25 years experience in the pensions field. He has been with the BC pensions regulator since 1994 and has been the deputy superintendent of pensions since 2004. In that role, he is responsible for operational and strategic policies related to the administration and enforcement of the Pension Benefits Standards Act, and for the development and implementation of a risk-based regulatory framework for oversight of pension plans.

V.P. Chris Carter, Deputy Registrar of Mortgage Brokers

Chris Carter Chris Carter is Vice President, Deputy Registrar of Mortgage Brokers, and Deputy Superintendent FI Market Conduct. In that capacity Mr. Carter is responsible for the market conduct supervision of mortgage brokers and financial institutions doing business in B.C. Mr. Carter has been with the provincial regulator since 2012, where he played a key role in the reform of real estate regulation in B.C. as principal advisor to the Independent Advisory Group into Conduct and Practices in the Real Estate Industry. Mr. Carter joined the Government of British Columbia in 2007 and led several high-profile trade and investment projects and policy initiatives including rollout of the Asia Pacific Initiative and delivery of the 2010 Winter Olympics Hosting Program.

V.P. David Weiss, Corporate Services

David Weiss is Vice President, Corporate Services. David has over 20 years experience in the technology sector leading high performance teams in Strategy, Product Marketing, Product Management, Marketing Communications, Advertising & Promotion and Business Development. During that time, he held senior leadership positions with Telus/BC Tel which he joined in 1990. David is an adjunct professor at UBC's Sauder School of Business and has an MBA from UBC.

V.P. Saskia Tolsma, Sector Liaison

Saskia Tolsma is Vice President, Sector Liaison and is responsible for external engagement at BCFSA. Prior to joining BCFSA, Saskia worked at the federal Department of Finance Canada in various policy development roles, including those in financial sector policy related to financial services innovation. Most recently this entailed responsibility for the federal government's review into open banking and supporting the Minister of Finance's Advisory Committee on open banking. Prior to joining Finance Canada in 2012, Saskia also worked at the Senate of Canada in a policy capacity.