NCUA Board Member Michael Fryzel advocated for what he called the right sizing of risk-based capital rules for credit unions during a Nov. 15 speech to the American Association of Credit Union Leagues.
"Whether it is in an enhanced examination process that apportions our resources in an effort to mitigate, or prevent entirely, problems that can cripple an otherwise healthy credit union and cost your members money, or whether it is new regulations designed to foster a safer, sounder, more realistic capital regime, NCUA is working to stay abreast of an evolving industry," Fryzel said.
"For example, consider NCUA's contemplated changes to risk-based capital. While I am not prepared to discuss specifics today, I would draw your attention to parallel evolutions occurring in the banking system, driven by Basel III requirements. Credit unions are not statutorily covered by Basel, but NCUA is required to maintain a system that is 'comparable' to that of the banking industry," he added.
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