February 2021 MIABC Presents Ten&Ten with BCFSA

  • 26 Feb 2021 9:25 PM
    Message # 10144854
    Anonymous

    February 24th, 2021


    MIABC Presents

    Ten&Ten

    with 


    Series Sponsored by


    Topic

    The Impact of a Hard Market on Strata Finances

    Commercial and residential strata finances have been decimated by Insurance premium and deductible increases to the point some are non-compliant with the Strata Property Act, potentially damaging market value or viability of the complex.  Have your opportunity to understand what happened, and ask questions of the BCFSA about the future, in a small group.


    Speaker

    Frank Chong

    Vice President and Deputy Superintendent of Financial Institutions, Regulation

    BC Financial Services Authority

    Frank Chong is the Vice President and Deputy Superintendent of Financial Institutions, Regulation, BCFSA. BC Financial Service Authority is an agency of the B.C. Ministry of Finance is responsible for solvency and market conduct regulation of provincially regulated financial institutions (credit unions, P&C and life insurers, captives, and trust companies). Other regulatory areas include pensions, mortgage brokers and credit union deposit insurance.

    Frank is currently chair of the Canadian Council of Insurance Regulators (CCIR). He has also participated in a number of industry working groups. He is currently a project team member providing advice on the current Financial Institutions Act & Credit Union Incorporation Act reviews.

    Frank has held various roles within FICOM, including Executive Director, Director, and Senior Analyst. Prior to FICOM, Frank held finance and management roles at a B.C credit union, chartered bank and an insurance brokerage firm. In total, Frank has more than 18 years of experience within the financial services sector.


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