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Capital Modernization Resources
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BCFSA has updated the capital framework for B.C. credit unions to strengthen risk management and resiliency. The key resources below are intended to help credit unions transition to the new Capital Rules by providing guidance throughout the implementation phases.
More background and information on the Capital Modernization Project is available on the Capital Modernization Project Consultation page.
Capital Rules
Read the new Capital Rules, written in accordance with the same drafting standards that apply to the existing statutes applicable to credit unions.
Read the new Capital Rules (will open in a new tab)
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Advisories and Reports
Minister of Finance Consents to Adopt New Capital Requirements Rules advisory (June 3, 2026)
- Announces the Minister of Finance’s consent to the adoption of the Credit Union Capital Requirements Rules for B.C. credit unions.
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)
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)
Introduces BCFSA’s approach to market risk and data collection.
Capital Modernization Project Updates (June 26, 2024)
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)
Contact
For questions about any of the materials or resources listed on this page, please contact CUCapital@bcfsa.ca.