RISK AND REGULATION
COURSE FOR CREDIT UNIONS

Credit unions everywhere are faced with unprecedented demands to better anticipate and manage financial and non financial risk from all sources. Due to developments over the past two years credit unions are facing an increasingly challenging legislature and regulatory environment showing that credit risk, operational risk, structural risk and risk governance require a laser like focus in order to stay “in control”. To effectively understand the risk facing your organization, everyone on your team, from the CEO to the branch manager to administrative support personnel needs to play a role.

This course has been designed with input from recognized leaders who have the experience to assist your organization in creating effective risk models and methodologies to effectively manage risk within your credit union. They will provide you with valuable insights on how recent legislative and regulatory developments will affect your institution. In addition, you will learn about industry leading compliance and other practices to address the increasingly complex risk environment including reputational, operational, credit and market risks.

Course Faculty

Leon J. Bloom
Deloitte & Touche LLP

Rebecca Chan
Borden Ladner Gervais LLP

David Chesworth
Alterna Savings/Alterna Bank

Richard Dale
Deposit Insurance Corporation of Ontario

Jeffrey Graham
Borden Ladner Gervais LLP

Luba Mycak 
Ontario Ministry of Finance

• CEOs, COOs, CFOs, CROs and CCOs
• Risk Managers
• Treasurers and Finance Directors
• Heads of Business Assurance and Compliance Internal and External Auditors
• Regulators
• Heads of Operational Risk, Credit Risk

December 6, 2010

8:55

Welcome Remarks from Insight Information

9:00

Modernization of Credit Union Legislation in Ontario

Luba Mycak
Manager, Deposit-Taking Institutions
Industrial and Financial Policy Branch
Office of Economic Policy
Ontario Ministry of Finance

• New regulatory structure
• Governance requirements
• Capital requirements
• Lending and investment

10:00

Networking Coffee Break

10:30

“Good Practice” Capital Management for Credit Unions

Leon Bloom
Partner
Deloitte & Touche LLP

• Different types of capital and how they can be put to use
• Capital capacity and risk appetite
• Aligning capital requirements with the risk profile
• Allocating capital to ensure economic benefits
• Measuring capital performance
• Regulatory capital developments and their implications for credit unions
• What are the key issues and challenges?

11:45

Networking Luncheon

1:00

Recent Regulatory Developments Affecting the Client Interface

Rebecca Chan
Partner
Borden Ladner Gervais LLP

• Navigating cost of credit disclosure changes
• Privacy update and its impact on your privacy compliance regime
• Adapting to the next round of client communications constraints

2:00

Networking Refreshment Break

2:15

Maintaining an Effective Compliance Program

David Chesworth
Compliance Manager
Alterna Savings/Alterna Bank

• What are the issues and challenges in maintaining an effective compliance program in the face of growing regulation and governance requirements?
• What good measures of compliance effectiveness look like and how they are used

3:15

What are the Broader Impacts of IFRS to Credit Unions?

David Dalziel
Senior Manager, Financial Services Industry
Deloitte & Touche LLP

• Treasury and financial risk management
• Enterprise wide risk management
• Performance measurement and financial
• Commercial lending and credit risk evaluation

4:15

Course Adjourns for the Day

December 7, 2010

9:15

Payment Card Network Reforms

Rebecca Chan
Partner
Borden Ladner Gervais LLP

• New Payment Card Networks Act and the scope of its impact
• Overview of the code of conduct for the credit and debit card industry
• Preparing for and managing client expectations relating to payment card reforms

10:00

Networking Coffee Break

10:15

Managing Liquidity, Credit and Market Risk

Mark W. Kohler
President & CEO
Exelerate, Inc.

11:00

Enterprise Risk Management and Financial Governance

Leon Bloom
Partner
Deloitte & Touche LLP

• Stakeholder expectations and measures as drivers of the risk profile
• Connecting risk and capital management to enhance the deployment of financial and non financial resources
• ERM as an integrating framework and its positioning within financial governance
• ERM objectives, issues, challenges and outcomes
• Effective financial governance – a critical imperative

12:00

Networking Luncheon

1:15

Understanding the Reputational Risk Implications of Credit, Market and Operational Risk

David Chesworth
Compliance Manager
Alterna Savings/Alterna Bank

Richard Dale
Director, Regulatory Affairs
Deposit Insurance Corporation of Ontario

• Reputational risk – a consequential risk
• Strategies for management
• Approaches for mitigation
• Regulating? reputational risk

2:00

New Opportunities for Credit Unions

Jeffrey S. Graham
Partner
Borden Ladner Gervais LLP

• Overview of the new credit union regime under the Bank Act
• Creation of Federal credit unions: continuance, merger or de novo
• Bank versus credit union – regulatory similarities and differences
• Extra-provincial authority of provincial credit unions

3:00

COURSE FACULTY

Leon J. Bloom is a Partner with Deloitte & Touche LLP. His practice focus includes the provision of risk management, capital management and financial governance consulting services to public and private sector clients. He has had numerous related articles published including in The Wall Street Journal, The Financial Times, American Banker, European American Business Journal, Bank Director, Bank Accounting & Finance, Canadian Treasurer, Journal of Information Systems, Boardroom Intelligence, Australian Banking & Finance, Latin Finance and CA Magazine. Leon is a graduate of the University of London, England and the Kellogg Graduate School of Management at Northwestern University, Evanston, Illinois, USA. He is a member of professional associations in Europe and North America.

Rebecca Chan is a Partner of Borden Ladner Gervais LLP. Ms. Chan has a specialized practice in regulatory matters including financial services, consumer protection, and privacy built on a transactional and business advisory practice. Ms. Chan advises on design and distribution of products and services for international and domestic financial institutions and service providers, including structuring, documentation, promotion and advertising, client facing correspondence, outsourcing arrangements, and privacy concerns. Ms. Chan also advises on interactions with OSFI, CDIC, CPA, FCAC, the federal Privacy Commissioner, FSCO and other provincial regulators. Ms. Chan holds an LL.B. (distinction) from McGill University, LLM (James Kent Scholar) from Columbia University. She speaks English, French and Chinese. Ms. Chan is a member of the Canadian Bar Association, American Bar Association, and International Bar Association. She is an adjunct professor at Handong International Law School.

David Chesworth is a Compliance Manager at Alterna Savings/Alterna Bank and has 20 years of experience in the financial services industry with 11 years in bank and credit union branch banking and 9 years in compliance. David commenced working in compliance in response to Canada’s fight against terrorism in 2001. David is also responsible for Alterna’s response to PIPEDA, FCAC consumer protection regulations, and production order response coordination. David’s main responsibilities are to Alterna’s prudential regulators (DICO, FSCO, CDIC, OSFI, FCAC, PCC, FINTRAC, OBSI). He got out of financial reporting for Bank and Credit union (thankfully before IFRS) as AML activity and regulatory projects increased in presence at Alterna.

Richard Dale is Director, Regulatory Affairs with the Deposit Insurance Corporation of Ontario (DICO). He is responsible for all aspects of DICO’s role as a prudential regulator including regulatory orders, variations, applications, decisions and appeals, administrative penalties, and interpretations of the Act and regulations. He also manages the Policy and Research Department. Richard is the Corporation’s Chief Risk Officer and reports directly to the Risk Management Committee of the Board on certain matters. He joined DICO in 1996 and his tenure has included responsibility for policy and research, risk assessment and risk management of insured institutions. Prior to joining DICO, his career encompassed more than 20 years in the financial services industry at both major banks and in the credit union system. Richard holds both a Bachelor of Arts and a Masters in Business Administration from the University of Toronto.

David Dalziel is a Partner in the Financial Services assurance and advisory practice of Deloitte. David provides accounting and advisory services to a number of clients in the banking, securitization, leasing and finance company marketplace. David’s area of experience includes financial reporting and structuring issues related to securitizations, leasing, financial instruments, consolidations and other structured finance transactions. David has led several IFRS implementation projects to date, including one of a Canadian early adopter of IFRS. David holds a Bachelor of Commerce degree from Queen’s University and is a Chartered Accountant and CFA charter holder.

Jeffrey Graham is a Partner practicing in the Toronto office of Borden Ladner Gervais LLP, where he provides regulatory and transactional advice to a number of Canadian and international financial services entities. He has diverse legal experience within the financial sector in Canada and the United States where he acted for institutions within the U.S. savings and loan industry. Mr. Graham began his legal practice in the financial services group of Hogan & Hartson, a Washington, D.C. law firm. Before joining Borden Ladner Gervais LLP in 1995, Mr. Graham served as Director of Legal Services for the Ministry of Financial Institutions (Ontario) and headed the financial services practice of an international public policy consulting firm based in Ottawa. He is also secretary to the Board of the Toronto Financial Services Alliance (TFSA) and Co-Chair of the TFSA’s Islamic Finance Task Force. Mr. Graham received B.Comm. and B.L.C./L.L.B. degrees from McGill University and graduate degrees in international law from Cambridge University and Columbia University. He is a member of the Bars of the District of Columbia and Ontario.

Luba Mycak is a Senior Manager in the Industrial & Financial Policy Branch, Office of Economic Policy, in the Ministry of Finance (Ontario). She is responsible for deposit institutions policy development, including credit unions, mortgage brokers, and deposit insurance and banking issues. Her recent legislative projects include revisions to the Credit Unions and Caisses Populaires Act and development of the Mortgage Brokerages, Lenders, and Administrators Act. Luba holds an Honours Bachelor of Arts from the University of Toronto, a Master of Business Administration from the Schulich School of Business and is a Chartered Accountant. Prior to joining the government, she was a Tax Manager at Ernst & Young (Clarkson, Gordon) and worked in corporate and government banking at the Bank of Montreal’s Toronto head office providing cash management and loan facilities to credit unions, trust companies, and insurance companies.

Register 3 delegates for the main conference at regular price at the same time and you’re entitled to register a fourth person from your organization at no charge. For other group discounts, please call 1-888-777-1707. All discounts must be redeemed when booking, discounts will not be valid or applied after this time.