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Advisory Groups
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BCFSA is committed to an open, transparent, and collaborative approach to stakeholder engagement that involves all stakeholders and ensures broad input and perspectives to inform its direction when developing regulatory guidance or initiatives.
BCFSA has implemented an advisory group framework for industry engagement designed to enhance dialogue and transparency between the financial services regulator and representatives of its regulated segments. To establish opportunities to receive and consider input on both strategic and technical levels, BCFSA has implemented a two-pronged approach to stakeholder advisory groups by establishing Industry Roundtables and Technical Working Groups.
Annual Industry Roundtables provide opportunities for dialogue on strategic and emerging issues.
Technical Working Groups convened as needed during a consultation and/or implementation of planned regulatory initiatives.
Technical Working Groups
Technical Working Groups (“TWGs”) are a key element in BCFSA’s consultation processes, helping to enhance the efficiency and effectiveness of regulatory initiatives.
TWGs are ad-hoc committees composed of external subject matter experts who are invited to provide their perspectives on a proposed regulatory initiative and to identify potential issues, risks or unintended consequences that could result. Technical Working Groups are guided by Terms of Reference which are made available on BCFSA’s website, along with a list of members.
Technical Working Groups are advisory in nature. BCFSA will consider input from these groups in the development of regulatory initiatives. However, input from working groups may or may not result in action or policy change.
Industry Roundtables
Industry Roundtables enable BCFSA to hear directly from leaders of regulated entities and licensees about their perspectives on strategic and emerging issues within their industries. These annual facilitated discussions focus on the issues and trends impacting each segment and the potential regulatory implications of those issues.
Industry Roundtables are advisory in nature. BCFSA will consider input from these groups in the development of regulatory initiatives and priorities that can be integrated, as applicable, in the Regulatory Roadmap. However, input from roundtables may or may not result in action or policy change.
Appointments to Industry Roundtables are made through an open, transparent and merit-based application process posted on BCFSA’s website. Members are selected based on their relevant skills, experience, knowledge and perspectives.
In 2023, BCFSA will convene a Credit Union Roundtable and a Real Estate Roundtable. Roundtables will be established for other industries in future years.
Current Roundtables
Credit Union Roundtable
The Credit Union Roundtable provides BCFSA with industry perspectives on strategic and emerging issues within the credit union segment and the potential regulatory implications of those issues, to inform the development of BCFSA’s regulatory priorities.
The six appointed members of the Credit Union Roundtable meet annually with BCFSA, providing an opportunity for dialogue about emerging issues and trends. Members participate in discussions to identify emerging issues, trends, and business practices, provide evidence-informed insights related to the credit union segment, contribute expert knowledge and practical experience to inform the development of policy and offer feedback on BCFSA regulatory initiatives. To learn more about the mandate of the Credit Union Roundtable, the appointment process, and the membership, please review the Terms of Reference.
Roundtable Members
- Nezihe Aquino, Interim Chief Executive Officer, Vancouver City Savings Credit Union
- Carol Ann Northcott, Chief Risk Officer, Central 1 Credit Union
- Brian Harris, Chief Executive Officer, Interior Savings Credit Union
- Barry Delaney, Chief Executive Officer, Salmon Arm Savings and Credit Union
- Hardeep Bains, Chief Executive Officer, Khalsa Credit Union
- Mark McLoughlin, Chief Executive Officer, Kootenay Savings Credit Union
Real Estate Roundtable
The Real Estate Roundtable provides BCFSA with industry perspectives on strategic and emerging issues within the real estate segment and the potential regulatory implications of those issues, to inform the development of BCFSA’s regulatory priorities.
The ten appointed members of the Real Estate Roundtable meet annually with BCFSA, providing an opportunity for dialogue about emerging issues and trends. Members participate in discussions to identify emerging issues, trends, and business practices, provide evidence-informed insights related to the real estate segment, contribute expert knowledge and practical experience to inform the development of policy, and offer feedback on BCFSA regulatory initiatives.
To learn more about the mandate of the Real Estate Roundtable, the appointment process, and the membership, please review the Terms of Reference.
Roundtable Members
- Chuck Bennett, Managing Broker/Owner, Bennett Family Real Estate
- Chantal Kowalski, Managing Broker, Unison Jane Hoffman Realty
- Robert Lacerte, Managing Broker, RE/MAX Nyda Realty
- David Langlois, Managing Broker, Macdonald Realty
- Deborah Moore, Managing Broker, Breakwater Realty Inc.
- Geoffrey Rosen, Managing Broker, Quay Pacific Property Management
- Delia Schatz, Managing Broker, Breakside Real Estate Group
- Jens Sigvardt, Managing Broker, Omnium Mergers and Acquistions Inc.
- Kristy Tamburri, Managing Broker, Proline Management