The economic crisis of 2007–2008 caused a shakeup of the financial sector. Since then, the financial soundness of deposit-taking institutions has been of particular importance to policy-makers and central bankers alike.
While Canada’s financial system is often cited as one of the most stable in the world, the specific role played by Canada’s credit unions in this dynamic is not well understood.
Join Todd Crawford as he shares the conclusions of new research by the Conference Board of Canada. The findings fill a void in the understanding of credit unions by assessing their financial soundness both prior to, and after the financial crisis, while providing relevant comparisons to chartered banks where possible.
Todd will discuss how the difference governance structure of credit unions leads to important differences in key performance metrics such as asset mix, liquidity, and profitability. In light of the challenges that credit unions face, he will also describe how the unique attributes of credit unions have important consequences on how they are regulated.