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As a modern, effective, and efficient regulator, BCFSA is committed to protecting consumers through fair and efficient regulation of the financial services sector.
We’re proactive and forward looking. We take a risk-based approach to financial services supervision fitted to the dynamic nature of the sectors we oversee.
Regulatory and operational activities of BCFSA are administered by the CEO and approximately 300 team members with diverse expertise in policy, law, investigations, accounting, education, technology and other areas essential to the successful regulation of the financial services sector.
BCFSA’s focus is on the financial services sector as a whole. We are organized on a functional basis with departments that oversee the entire sector including Supervision, Legal, Policy and Stakeholder Engagement, Compliance and Market Conduct, and Regulatory Services. A Corporate Services and Transformation department provides support to all the core business areas.
Our senior executive team members are leading experts in their fields.
Blair Morrison is the Chief Executive Officer of BC Financial Services Authority (“BCFSA”). He also serves as B.C.’s Superintendent of Financial Institutions, Superintendent of Pensions, Superintendent of Real Estate and the Registrar of Mortgage Brokers as well as Chief Executive Officer of the Credit Union Deposit Insurance Corporation (“CUDIC”).
Blair is leading BCFSA on its journey to become a modern, effective, and efficient regulator for B.C.’s financial services sector. He has been instrumental in driving BCFSA’s strategy to safeguard the integrity of the sector and boost public protection.
A multifaceted executive, Blair brings more than 25 years of extensive regulatory, legal, compliance, and risk management experience.
Prior to joining BCFSA, Blair held progressively senior roles with some of Canada’s major institutions. He most recently spent over 11 years with the Bank of Montreal (“BMO”) in senior roles in Legal, Compliance, and Procurement. Prior to joining BMO, he served in senior legal roles with TMX Group and Nortel Networks Corporation.
Blair holds a Bachelor of Commerce from Queen’s University and a Bachelor of Laws from The University of Western Ontario.
Chris Elgar serves as Senior Vice President of Supervision with BC Financial Services Authority (“BCFSA”). With an impressive track record spanning 40 years in the finance industry, Chris has extensive experience in governance, risk management, and treasury. He leads a dynamic team of more than 60 professionals responsible for conducting risk assessments of BCFSA’s provincially regulated financial institutions (“PRFIs”).
Chris plays an instrumental role in advancing BCFSA’s goal to become a modern, effective, and efficient financial services regulator. He has helped modernize and enhance the organization’s supervisory capacity and approach. An influential and engaging leader, Chris is committed to strengthening consumer protection and fostering increased public confidence in B.C.’s financial services sector.
Before joining BCFSA and its predecessor the Financial Institutions Commission, Chris held executive and senior management roles with some of Canada’s leading financial institutions including one of the big-five banks. His background includes 17 years’ experience in capital markets trading in Singapore, Tokyo, and London, where he ran trading operations for Europe and Asia.
Chris spent more than eight years with the Office of the Superintendent of Financial Institutions (“OSFI”), where he worked as Relationship Manager for two major banks. He also headed OSFI’s capital markets risk assessment group during the 2008/2009 global financial crisis. He later served as Chief Risk Officer with Manulife Bank, where he established its enterprise risk management framework.
Chris earned an MA in Economics and an MBA in Finance from the University of Windsor. Dedicated to giving where he lives, Chris serves on several non-profit associations including Habitat for Humanity and the Kidney Foundation of Canada.
Micheal Noseworthy is the Senior Vice President of Compliance and Market Conduct with BC Financial Services Authority (“BCFSA”). He draws upon his wealth of experience in regulation and administrative law to serve the interests of British Columbians. Committed to improving B.C.’s financial services sector regulation, Micheal has focused on enhancing the regulatory framework to provide effective consumer protection and increase public confidence in the sector.
An advocate for BCFSA’s efforts to cultivate a diverse and inclusive workplace, Micheal heads a team of more than 90 highly skilled lawyers, paralegals, auditors, investigators, and examiners. Together, they work hard to ensure consumers are protected during the most important financial transactions in their lives.
With over 15 years’ experience in public policy and legislation, Micheal has a deep background as a regulator, public sector leader, and lawyer, fostering a strong culture of collaboration and openness. He works closely with regulated entities to harness the potential for innovation in an evolving financial services sector.
Before joining BCFSA, Micheal was appointed as B.C.’s Superintendent of Real Estate, where he had first-line oversight of the industry. In that role, Micheal focused on building a cohesive team as well as establishing policies and taking regulatory actions that better protect both buyers and sellers of real estate. He later played a lead role in the integration of the Office of the Superintendent of Real Estate (“OSRE”) into BCFSA.
Previously, he served as Yukon’s Superintendent of Real Estate, Superintendent of Insurance, Registrar of Lotteries, and Registrar of Medical Practitioners and Health Professions. Prior to that, Micheal worked as Yukon’s Director of Residential Tenancies and Employment Standards. He was awarded the Premier’s Award of Excellence for his work as part of the team that developed Yukon’s first-ever Housing Action Plan.
Micheal is a Member of the Law Society of British Columbia and the Canadian Bar Association, and he served on several boards and tribunals. He holds a Doctor of Law (“J.D.”) and a Bachelor of Arts in Political Science and Government from Dalhousie University.
Erin Seeley is the Senior Vice President of Policy and Stakeholder Engagement with BC Financial Services Authority (“BCFSA”). A seasoned business transformation leader, Erin oversees policy, communications, and strategy with a focus on building a modern, effective, and efficient financial services regulator.
Erin brings BCFSA’s thought leadership and consumer-oriented strategy to life. She focuses on effectively communicating complex regulatory policies and standards, engaging regulated entities to support compliance, empowering consumers through external campaigns as well as fostering strong, positive relationships with the Government, stakeholders, and British Columbians.
In addition to communications, engagement, and policy, her portfolio includes financial reporting and standards as well as regulatory approvals. She spearheads a team of policy and regulatory analysts as well as communications, media, and stakeholder engagement professionals who stand behind BCFSA’s mission to deliver world-leading protections to British Columbians.
A firm believer in the value of public service, Erin brings more than 20 years of extensive experience in governance, strategic planning, continuous improvement, communications, policy analysis, and stakeholder relations.
Prior to joining BCFSA, Erin served as Chief Executive Officer of the Real Estate Council of British Columbia (“RECBC”), where she was responsible for regulatory oversight of the real estate profession and consumer protection. Before integrating into BCFSA in 2021, RECBC was one of the largest regulators in the province. Erin played an integral role in RECBC’s success in licensing, educating, and enforcing professional standards for over 26,000 individuals and brokerages licensed to provide real estate trading services as well as rental management and strata property management.
Previously, Erin spent more than 10 years in progressively senior and leadership roles with the Government of British Columbia, including Executive Director of Immigration Programs, where she oversaw provincial immigrant selection and settlement.
Erin holds a BA in Political Science and Hispanic Studies from the University of Victoria and an MA in International Studies from Simon Fraser University. She has been a long-time volunteer and is currently the Past President of the Board of Directors for Little Mountain Neighbourhood House, a Vancouver-based community services organization that serves children, youths, and seniors.
David Weiss draws on more than 25 years of leadership experience in setting strategy, driving business growth, building teams, and leading transformational change. He is the Senior Vice President of Corporate Services and Transformation with BC Financial Services Authority (“BCFSA”). Recognized for his ability to lead with integrity, David oversees a wide range of responsibilities including business planning, finance, human resources, information management and technology as well as business transformation.
David brings with him a proven track record of strategic planning and change management accomplishments. Through innovative thinking and creative problem solving, David has seized opportunities that align with our mission to boost public protection and drive efficiencies. He has played an integral role in BCFSA’s efforts to become a modern, effective, and efficient financial services regulator in British Columbia.
His ability to build strategic partnerships has allowed him to collaborate and solidify ties with Government organizations, regulators, and industry experts. He spearheads a team of highly trained and experienced professionals, who focus on driving results and organizational change as well as positioning BCFSA for the future.
Before joining BCFSA, David spent more than 20 years with TELUS, where he held progressively senior management roles. During that time, he helped transform TELUS from a monopoly provider to a leader in Canada’s highly competitive technology sector. This included driving transformative change in a variety of business areas and helping build an industry-leading corporate culture.
David holds an MBA from the University of British Columbia (“UBC”) and a Bachelor of Commerce from the University of Alberta. He completed several executive training programs from the Richard Ivey School of Business, Rotman School of Management, and INSEAD. David is also an Adjunct Professor at UBC’s Sauder School of Business, where he teaches strategic management.
David Avren serves as Vice President, Legal with BC Financial Services Authority (“BCFSA”). An experienced and award-winning legal expert, David oversees BCFSA’s corporate legal affairs, policies, and board governance. He possesses more than 25 years of progressive leadership experience in regulatory affairs, governance matters, and legal strategy.
Known for always putting integrity first, David has a deep background as an executive advisor, working with boards to harness their strategic potential. He leads a team of legal experts, who strive for conducting effective hearings and ensuring fair decisions are made on behalf of BCFSA. He regularly engages with stakeholders on matters relating to policy and compliance, consistently delivering first-class, timely legal support.
Prior to joining BCFSA, David was Vice President of Legal and Compliance with the Real Estate Council of British Columbia (“RECBC”), where he pursued efforts to reform and modernize internal processes, systems, and policies. Previously, he was General Counsel and Corporate Secretary at Coast Capital Savings, one of Canada’s largest credit unions by membership. Before that, he built one of British Columbia’s largest corporate legal groups at BC Hydro where he served as Director of Legal Services. During that time, he received the organization’s Employee Engagement Award in 2015, and his team was nominated for best in-house group in Canada in 2017.
David earned a Bachelor of Commerce and a Bachelor of Laws from the University of British Columbia (“UBC”) as well as a Master of Laws from the University of Auckland in New Zealand. He served on many non-profit boards and is currently a Member of the Canadian Corporate Counsel Association.
Chris Carter serves as Vice President of Financial Institutions and Mortgage Brokers Market Conduct with BC Financial Services Authority (“BCFSA”). He oversees the market conduct of B.C.’s mortgage brokers, insurance companies, credit unions, and trust companies. Chris joined BCFSA, and its predecessor the Financial Institutions Commission, in 2012.
During his time with BCFSA, Chris has advanced the fair treatment of British Columbians by raising marketplace conduct standards and holding industry to those standards. He has led the organization’s solvency supervision of B.C.’s financial institutions. He also played a key role in the reform of real estate regulation as principal advisor to the Independent Advisory Group review of conduct and practices in the real estate industry.
Chris is committed to strengthening British Columbia’s and Canada’s financial services regulatory framework through coordination and collaboration with peer regulators and other partners. He heads a team of professionals who are committed to protecting British Columbians by identifying, investigating, and dealing with marketplace risks.
Prior to joining BCFSA, Chris led high-profile trade and investment development initiatives with B.C.’s Ministry of Trade and Investment. These initiatives included the rollout of the province’s Asia network and the design of high-level business networking programs during the 2010 Winter Olympics. With the Government of Australia, Chris advanced Australia’s international education interests through market development, bilateral relations, and policy initiatives.
Chris holds a Bachelor of Laws and a Bachelor of Commerce from Murdoch University in Western Australia.
As Vice President of Regulatory Services, Pamela Skinner oversees BC Financial Services Authority’s (“BCFSA”) licensing, registration, and education teams. She is responsible for planning and implementing regulatory and business solutions strategies. She also oversees the Credit Union Deposit Insurance Corporation (“CUDIC”).
With over 30 years’ experience in banking and regulatory services, Pam has deep expertise in licensing, education, and professional advisory services. Her regulatory experience includes serving as Vice President of Education and Licensing with the Real Estate Council of British Columbia (“RECBC”).
Pam is a Fellow of the Chartered Professional Accountants (“FCGA”, “FCPA”). She was previously Vice President of Public Practice Regulation at the Chartered Professional Accountants of British Columbia (“CPABC”). Pam was active in pursuing the unification of the three professional accounting designations in B.C. and played a significant role in creating CPABC’s regulatory structure by serving on several committees at both the provincial and national levels.
Prior to joining the professional accounting regulator, Pam held senior and executive roles with several financial institutions including one of the big-five Canadian banks. She was Vice President of Trust for HSBC Bank (Canada), CEO of HSBC Trust Company (Canada), and Director of Trust Services with Bank of Montreal (“BMO”) Harris Private Banking.
Pam has volunteered in various capacities with the Estate Planning Council of Vancouver, including a term as President. She has also served as Director of Lions Gate Hospital Foundation, Member of the Foundation’s Investment Committee, and Chair of the Planned Giving Committee.
Jon Vandall serves as Vice President of Real Estate Market Conduct with BC Financial Services Authority (“BCFSA”). He brings more than 15 years of extensive experience in regulation and policy. Along with other members of the senior executive team, he is a leading force behind BCFSA’s commitment to protecting British Columbians buying or selling property in the province.
Over the course of his career, Jon has spearheaded policy reform and rule-making initiatives related to real estate regulation in B.C. His proven ability to translate strategic direction into operational objectives allows him to develop policy that strengthens the practice of B.C.’s real estate licensees. A strategic communicator who can find clarity out of complexity, Jon has built strong relationships with government officials, industry stakeholders, and other regulators.
Jon has forged a reputation as a team builder who puts people first. He is passionate about fostering a culture that drives remarkable outcomes for both his team and the public. Prior to joining BCFSA, Jon held progressively senior roles with B.C.’s Office of the Superintendent of Real Estate (“OSRE”) including Deputy Superintendent of Real Estate. In this capacity, he was responsible for directing policy development and legal strategy for oversight, investigation, and regulatory enforcement actions.
Prior to that, Jon worked as Senior Policy Analyst with B.C.’s Ministry of Finance, where he provided the Minister of Finance and senior officials with strategic counsel on real estate policy as well as legislative and regulatory amendments. He also worked on developing key amendments to overhaul the Real Estate Services Act (“RESA”).
Jon holds a Bachelor of Arts in History from the University of Regina and a Master of Public Administration from the University of Victoria.
Peta Wales draws on more than 20 years of leadership experience in transforming the financial and operational performance of financial services. Her strategic vision and extensive expertise in stakeholder engagement enable her to establish frameworks that drive efficiency, cultivate the best in staff, and enhance customer experience. Peta prides herself on her ability to bring clarity to ambiguity and make the complex simple.
Peta is Vice President, Sector Liaison with BC Financial Services Authority (“BCFSA”). She oversees the development and implementation of BCFSA’s stakeholder engagement framework, which focuses on building relationships, driving collaboration, and establishing BCFSA as a modern, effective, and efficient financial services regulator in British Columbia.
A member of BCFSA’s senior leadership team, Peta works closely with financial services executives across B.C. to identify issues, leverage opportunities, and address trends impacting the province’s diverse financial services sector.
Before joining BCFSA, Peta served as Senior Vice President, Operations with First West Credit Union and held senior management roles with some of Canada’s leading banks and credit unions.
Peta holds a Bachelor of Arts from the University of British Columbia (“UBC”) and a Diploma in Business Management from the British Columbia Institute of Technology (“BCIT”). She is a certified Lean Green Belt professional and previously held the Certified Financial Planner (“CFP”) designation.
As Senior Advisor to the CEO of BC Financial Services Authority (“BCFSA”), Frank Chong draws on more than 20 years of experience in financial services regulation and transformation. Together with other members of the senior executive team, he helps set BCFSA’s overall strategic direction and policy initiatives.
A transformative leader, Frank has played a critical role in developing the organization’s multi-disciplined regulation team. He has been a valuable member of BCFSA and its predecessor the Financial Institutions Commission, holding leadership roles including Vice President and Deputy Superintendent of Regulation. In this role, he oversaw statutory approvals, policy initiatives, regulatory reporting, and deposit insurance operations.
Previously, Frank served as the acting CEO of the Credit Union Deposit Insurance Corporation (“CUDIC”). A Chartered Insurance Professional, he held senior management roles with Prospera Credit Union, Ubiquity Bank of Canada, and other Canadian financial institutions.
Frank serves as Vice Chair of the Canadian Council of Insurance Regulators (“CCIR”) and teaches insurance management with the Insurance Institute of Canada. He participates in several industry working groups and is a Member of the C.D. Howe Institute’s Financial Services Research Initiative. His recent volunteer roles include serving as Director of the Brightside Community Homes Foundation, a non-profit affordable housing provider.
As Senior Advisor to the CEO of BC Financial Services Authority (“BCFSA”), Michael Peters provides strategic insight that helps guide the organization through its journey to become a modern, effective, and efficient financial services regulator. He draws on 30 years of leadership experience in pension plans management and supervision.
Michael has been an integral member of BCFSA and its predecessor the Financial Institutions Commission, holding a variety of leadership roles including Vice President and Deputy Superintendent of Pensions. In this capacity, Michael oversaw operational and strategic policies related to the administration and enforcement of British Columbia’s Pension Benefits Standards Act (“PBSA”). He was also responsible for developing the risk-based regulatory framework used for oversight of pension plans registered in the province.
A long-standing public servant, Michael often briefs cabinet ministers and the Executive Council of British Columbia on pension matters. His profound commitment to further improving pension benefits offered to British Columbians has allowed him to actively participate in the drafting of the PBSA. He also represents British Columbia at the Canadian Association of Pension Supervisory Authorities (“CAPSA”) and oversees the province’s involvement in advancing CAPSA’s strategic plan.
Michael is currently Chair of CAPSA’s Cybersecurity and Decumulation Committees. Additionally, he chaired the CAPSA Funding Review Committee, which published recommendations entitled Funding of Benefits for Plans Other than Defined Contribution Plans in February 2019.
Michael holds a BA (Honours) from The University of Western Ontario.