Links in “Risk-Based Capital”
- CUs Offered Talking Points on Risk-Based Capital Proposed Rule
NAFCU encourages credit unions to write comment letters to NCUA regarding how the proposed rules would affect credit union industry. [4/4]
- Key Changes May Be Coming for Risk-Based Capital Rules
NCUA chair says key changes to RBC proposal are still possible before it becomes final rule. [3/11]
- Trades Request Extended Comment Period for Risk-Based Capital Rule
NAFCU and CUNA have requested that the 90-day comment period for the proposed risk-based capital rule be extended to 180 days. Calling it the most proposed rule that credit unions will face this year or in years to come, the trades stated that credit unions need to have sufficient time for careful and thorough consideration. [3/3]
- Risk Weights: An Overview
The second in a series of posts on risk-based capital takes a look at risk weights. [2/28]
- NCUA Seeks Expanded PCA Powers
NCUA proposes to amend regulations regarding prompt corrective action (PCA) to replace the agency's current risk-based net worth requirements with new risk-based capital requirements for federally insured ânatural personâ credit unions. Goal is to ensure capacity to correct actions of credit unions when capital thresholds are not met. [2/27]
- Could the Cure Kill the Patient?
According to NAFCU CEO Dan Berger, NCUAâs proposed risk-based capital rule could put healthy credit unions out of business. Berger states that under the proposed rule some credit unions would be required to shoulder a disproportionate share of the burden. [2/25]
- Individual Minimum Capital Requirement
NAFCU takes a look at the Individual Minimum Capital Requirements, part of the proposed risk-based capital rule for credit unions. [2/21]
- Matz Announces Series of âListening Sessionsâ
NCUA Chair Debbie Matz announced three âlistening sessionsâ to be conducted across the country in June and July to allow NCUA Board and senior staff to hear directly from credit unions about their concerns. Each of the three sessions will be open to the first 150 registrants and will take place before NCUA finalizes its proposed risk-based capital rule. [2/20]
- CUNA Calls for Public Hearings on Risk-Based Capital
CUNA is urging NCUA to conduct public hearings before proceeding with its risk-based capital proposal. The CEO, Bill Cheney, says NCUA would benefit from hearing credit unionsâ concerns in an interactive setting and points out that under the current system credit unions were able to weather the worst financial crisis in 80 years in a strong fashion. [2/18]
- Matz States that NCUA Will Seriously Consider Concerns About Proposed Risk-Based Capital Rule
During a webinar yesterday with CFPB Director Richard Cordray, NCUA Chair Debbie Matz stated that the Agency will give serious consideration to the comments its receives on the proposed risk-based capital rule. NAFCU Chief Economist, David Carrier, estimates that under the proposed rule credit unions with more than $50 million in assets will have to hold an additional $6.3 billion in additional reserves in order to maintain their current capital cushion. [2/13]
