News

At the 2025 Northwind Event, BC Financial Services Authority (BCFSA) CEO Tolga Yalkin emphasized the importance of "coherence over uniformity" in regulatory practices. Drawing from his experience at the Office of the Superintendent of Financial Institutions (OSFI), Yalkin advocated for a regulatory approach that aligns with the diverse risk profiles and operational complexities of financial institutions, rather than enforcing a one-size-fits-all model.

This perspective aligns with BCFSA's 2025/26 Regulatory Roadmap, which prioritizes:

• Regulatory Framework Modernization: Updating policies to reflect current market dynamics and international standards.

• Digitalization Risk: Addressing challenges posed by technological advancements and cyber threats.

• Natural Catastrophes and Climate Risk: Enhancing resilience against environmental and climate-related financial risks.

Yalkin's leadership signifies a shift towards a more adaptable and risk-sensitive regulatory environment in British Columbia's financial sector. Read more here.

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