As part of our commitment to relevant, timely board education, CU Training is pleased to announce a new enterprise risk management webinar on Wednesday, December 11th, 2019, from 7:00-8:00 p.m. (EST).
This live webinar is free to all Board 360 customers. Directors and senior managers who do not use Board 360 are also welcome to join us for a fee of $99 + GST.
Emerging, High-stakes Risks for 2020: What Canadian Credit Union Directors Should Know And Ask
Although many aspects of the Canadian economy are currently healthy (perhaps, too healthy), the waning months of 2019 are churning with an anxiety-ridden undercurrent: a nervous waiting period wherein many are monitoring the next news cycle to see if, where, and how events might spur detrimental, cascading effects that could impact either themselves and/or the communities in which they live and work.
In particular, the risk of tipping into a recession, looms large—for it’s a matter of when, not if. And unlike past recessions, personal debt is at an all-time high. In addition, interest rates and government coffers are already low around the world, hampering the tools that would typically be applied to stimulate growth. Following the theme of when, not if, IT security events continue to plague nearly every deposit-taking institution in the world. And if those risks weren’t enough to keep you up at night, new technologies and business models are luring customers away, exacerbating an existing problem of an aging customer base. Finally, cost and competition pressures are fueling the ongoing trend of consolidation in the industry. But can you merge, grow, and still maintain your key competitive advantage and mission–namely, meeting the needs of your local member base and community?
If you’re now feeling a bit anxious, you’re not alone. The related and often incoherent bluster of politicians across the globe reflects a similar anxiety and uncertainty as to how to best understand and navigate the complex, largely unprecedented shifts (and related risks) impacting the broader domains of the economy, technology, and competition.
Today, the need for directors and executives of Canadian credit unions to proactively tune-into, assess, and monitor the interplay of risks that may emerge in 2020, couldn’t be greater. The decisions and actions taken now will largely determine who will survive and who will thrive within these unprecedented times. In response, CU training has developed a comprehensive, integrated webinar series designed to enable directors and executives with the information and tools needed to better understand and proactively address each topic area.
This webinar will include:
- What are the key environmental issues and considerations driving risk and opportunity for Canadian credit unions, today?
- What actions are being taken and/or considered, responsive to the changes that are occurring?
- As directors, what questions should we be asking to help ensure that key risks are identified, assessed, and addressed?
- How can a credit union’s ERM program be leveraged to help address these risks, comprehensively and effectively?
If you’re a director or senior manager looking to understand these risks and what it means to your credit union, join us Wednesday, December 11, 2019 at 7:00 PM EST (4:00 PM PST).
Brian Link is CEO of Mobius One, a company that provides cloud-based software to address the enterprise risk management, internal audit and regulatory compliance management needs of Canadian credit unions, cooperatives and non-profit organizations. Prior to joining Mobius One, Brian was a partner with Ernst & Young, leading enterprise risk management, internal audit and internal control services across North America and the Asia-Pacific region. Brian is also a director within the Institute of Internal Auditors’ Toronto chapter, speaking frequently on the topics of Enterprise Risk Management and Internal Audit, particularly within the Canadian credit union and non-profit sectors.
Andy Poprawa is a former regulator with 35 years’ experience, in senior regulatory, governance, financial, risk management and leadership roles. Andy served as President and CEO of the Deposit Insurance Corporation of Ontario, and as a senior regulator with the Office of the Superintendent of Financial Institutions. He is also a co-founder and long-time chair of the International Credit Union Regulators Network. Andy currently serves on a number of boards, works with credit unions, and provides strategic advice to regulators around the world.