derivatives

• Don’t Fear Derivatives: Letter to the Editor

  By Emily M. Hollis  |  June 12, 2013

  ALM First Financial Advisors has closely followed the NCUA’s efforts to develop an appropriate rule for credit unions’ use of derivatives as a hedging tool. We support the use of derivatives within the credit union industry as instruments for effectively managing interest rate risk.

• Derivatives Rule Steps On Agency’s Funding: Letter to the Editor

  By Fred R. Becker Jr.  |  June 12, 2013

  Regarding the Editor’s Column in the May 29 issue, “Usage Fees Are Not a Strange Idea.” Sarah Snell Cooke’s support of the pay for play precedent in the NCUA’s recently proposed rule on derivatives misses the point. We strongly support and have continually advocated expanding credit unions’ investment powers to include limited...

• Usage Fees Are Not a Strange Idea: Editor/Publisher's Column

  By Sarah Snell Cooke  |  May 29, 2013

  The NCUA’s recent proposal that credit unions pay the federal regulator a fee to oversee the derivatives program has raised complaints among credit unions. NAFCU immediately fired off a statement supporting credit unions’ entry into derivatives, but blasting the fee as setting bad precedent because the $250 million threshold would...

• CUNA Panel Appraising Proposed Derivatives Rule

  By Heather Anderson  |  May 28, 2013

  League, credit union CEOs, board members studying NCUA's proposal to charge fees to examine, allow derivatives use.

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  Usage Fees Are Not a Strange Idea: Editor/Publisher's Column

  By Sarah Snell Cooke  |  May 24, 2013

  NCUA's proposed rule about charging a fee for derivatives program is actually innovative.

• NCUA Derivatives Fees a Deal Breaker for One Pilot Program CU

  By Heather Anderson  |  May 23, 2013

  Affinity CFO says "to pay fees to reduce risk to the fund is alien to me in any other regulatory regime.”

• NCUA Ponders Fees for Derivatives Rule

  By Heather Anderson  |  May 20, 2013

  NCUA Board Members Debbie Matz and Michael Fryzel said they are eagerly anticipating comments on a rule that would grant new investment authorities but could set a pay-to-play precedent that concerns trade associations.

• Onsite Coverage: Fees Could Offset 87% of Derivatives Program Costs

  By Heather Anderson  |  May 16, 2013

  ALEXANDRIA, Va. — Proposed fee could offset as much as 87% of all costs to implement expanded derivative authority through 2014.

• Onsite Coverage: Derivatives Authority Could Cost NCUA $16M in First Three Years

  By Heather Anderson  |  May 16, 2013

  ALEXANDRIA, Va. — A final derivatives rule could cost the agency as much as $16 million over three years.

• Onsite Coverage: Proposed Derivatives Rule Could Set Pay-to-Play Fee Precedent

  By Heather Anderson  |  May 16, 2013

  ALEXANDRIA, Va. — NCUA Board encourages comments on proposed rule that would grant new investment authorities. Trades express concern.