Seasoned OSFI executive to helm BC's financial services authority starting January 2025
BC Financial Services Authority (BCFSA) has announced the appointment of Tolga Yalkin (pictured), the current head of Canada’s Office of the Superintendent of Financial Institutions (OSFI) as its new CEO and chief statutory officer, effective January 13, 2025.
Yalkin, a seasoned regulatory leader with extensive public sector experience, will succeed Blair Morrison, who announced his retirement earlier this year.
Yalkin has been instrumental in spearheading OSFI’s regulatory framework since joining the organization in 2022. His efforts have focused on developing guidelines on pressing issues, including cybersecurity, crypto-assets, operational resilience, climate risks, and mortgage regulations. He has led initiatives such as OSFI’s first Integrity and Security guideline and a policy review aimed at reducing regulatory burdens on financial institutions.
“During his time at OSFI, Tolga has made numerous contributions, notably advancing our regulatory posture to ensure our guidance is modern and relevant,” said Peter Routledge, Superintendent of Financial Institutions. “We’re proud to see him carry forward insights from OSFI as he steps into this important new role.”
In his new role, Yalkin will oversee BCFSA’s mandate to enhance stability, security, and consumer protection in British Columbia’s financial services sector.
Yalkin’s last day at OSFI will be January 3, 2025. Angie Radiskovic, Assistant Superintendent for Strategy, Risk, and Governance, will temporarily lead OSFI’s Regulatory Response sector starting January 6, 2025, alongside her existing responsibilities.
Stanley Hamilton, Chair of BCFSA’s board of directors, welcomed Yalkin’s appointment, emphasizing the importance of his leadership in advancing the organization’s regulatory goals.
“We are thrilled to welcome Tolga as our new CEO and CSO,” Hamilton said in a press release. “His leadership, expertise, and experience will help us continue to build a vibrant, accessible financial services sector for British Columbians, backed by a strong regulatory framework and an organization where team members are valued and supported.”
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“I’m honoured to take on this role and excited to work with the talented team at BCFSA,” said Mr. Yalkin. “Together, we’ll tackle the challenges and seize the opportunities ahead to keep BC’s financial services sector strong, inclusive, and innovative as a regulator that is focused on the people we serve.”
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