Capital Modernization Resources

BCFSA is updating the capital framework for B.C. credit unions to strengthen risk management and resiliency. These key resources are intended to help credit unions transition to the proposed Capital Rules, by providing guidance throughout the consultation and implementation phases.

More background and information on the Capital Modernization Project is available on the Capital Modernization Project Consultation page.

Proposed Capital Rules

• Read the proposed Rules, written in accordance with the same drafting standards that apply to the existing statutes applicable to credit unions.

  Read Proposed Capital Rules (will open in a new tab)

• Review the Section Notes: These summaries help interpret each section and facilitate feedback.

  Section Notes (will open in a new tab)

• Register for the upcoming “What We Heard” information session on March 31, 2026, from 11 a.m. – 12 p.m. PST to discuss consultation feedback themes and project next steps.    

  REGISTER (will open in a new tab)

• Browse references: Find select topics contained in BCFSA’s proposed Capital Rules.

  References (will open in a new tab)

• Advisories and Reports

  Consultation Summary Report advisory (March 17, 2026)

  • Announces the release of the Capital Rules Consultation Summary Report following consultation on the draft Capital Rules for B.C. credit unions.

  Consultation Summary Report (March, 2026)

  • The Report summarizes the feedback received during the consultation and provides BCFSA’s responses.

  Consultation launch advisory (October 16, 2025)

  • Announces the proposed Rules consultation, which will conclude on January 15, 2026.

  Capital Modernization Interim Measure (Commercial Lending) advisory (June 26, 2024)

  • Details temporary flexibility to commercial and retail lending during the transition to the new framework.

  Capital Modernization Consultation Summary Report (June 24, 2024)

  • Outlines adjustments BCFSA has made, based on stakeholder feedback, to the public Consultation Paper, Capital Modernization: Consultation Paper for B.C. Credit Unions

  

Information Sessions and Presentations

• Market Risk—Quantitative Impact Study (October 3, 2024)

  • Watch the recording
  • View the presentation

  Explains interest rate risk management in the banking books and the Quantitative Impact Study (QIS) exercise. The QIS package (IRRBB Methodology document, QIS instructions and QIS template) is available on request by contacting CUCapital@bcfsa.ca.

• Market Risk—Banking Book and Quantitative Impact Study (September 18, 2024)

  • Watch the recording
  • View the presentation

  Introduces BCFSA’s approach to market risk and data collection.

• Capital Modernization Project Updates (June 26, 2024)

  • Watch the session
  • View the presentation

  Provides updates to the Capital Modernization Project, including an overview of feedback received during the 2023 public consultation on its Capital Modernization Consultation Paper, BCFSA’s decisions, and next steps.

• Capital Rule Consultation (October 22, 2025)

  • Watch the session
  • View the presentation

Contact

For questions about any of the materials or resources listed on this page, please see BCFSA’s Capital Rules FAQ section below or contact CUCapital@bcfsa.ca.

FAQs

This section will be updated if and when questions arise during the consultation phase.