proportionality

Proportionality in financial regulations. Asset size, business complexity & risk profile should matter.

Proportionality in financial regulations. Asset size, business complexity & risk profile should matter.

Financial regulation is not national security. Edward Snowden alleged that 'collect it all' was a mantra of the US National Security Agency. But this seems rather heavy-handed for regulatory oversight of provincial credit unions. As a self-declared 'data-driven regulator', BC Financial Services Authority appears intent on data collection regardless of prudential supervisory risk or industry impact.