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Capital Modernization Resources
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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 Rule, 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 Rule
Read the proposed Rule, written in accordance with the same drafting standards that apply to the existing statutes applicable to credit unions.
Read Proposed Capital Rule (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)Submit feedback: Complete the Consultation Feedback Form by December 15, 2025.
Submit Consultation Feedback (will open in a new tab)Browse references: Find select topics contained in BCFSA’s proposed Capital Rule.
References (will open in a new tab)
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Advisories and Reports
Consultation launch advisory (October 16, 2025)
- Announces the proposed Rule consultation, which will conclude on December 15, 2025.
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.
Contact
For questions about any of the materials or resources listed on this page, please see BCFSA’s Capital Rule FAQ section below or contact CUCapital@bcfsa.ca.
FAQs
This section will be updated if and when questions arise during the consultation phase.