Regulatory Arbitrage

This is a new frontier for credit unions.  Regulatory Arbitrage is a big part of decision-making in large corporate entities as they choose where and how to do business.  The issue is the potential impact of requirements in certain legal jurisdictions; differing requirements drive corporate structures, governance practices, business strategies, investments, business location, staffing, and, […]

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Bankers` Long Game

warning

Consolidation and cartel building is the long term strategy of the Big Banks and it seems to go on without much alarm.  This is partly because of their patience and partly because other players are distracted by other things; technology, risk management, new capital rules, new liquidity monitoring tools,  mortgage insurance changes, etc..  But these […]

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Coast Capital Sales Culture

Questions are being put to Canadian banks about ethical sales practices. Are consumers being sold things they do not need?  Are banks picking people’s pockets?  Such questions may also be put to Coast Capital Savings, BC’s second largest credit union, now proposing to be a bank.  The members of Coast Capital Savings Credit Union are […]

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What is Full and Fair?

FICOM is seeking input on the application from Coast Capital Savings to go federal.  One question posed by FICOM is, “Have members been provided with full and fair disclosure upon which to make their decision?”  Members of Coast Capital were asked to vote on a special resolution in November. “Full and fair” is not a […]

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