ALEXANDRIA, Va. - The NCUA Board also dialed back the rule's authority to only apply to federally chartered credit unions.
Cyber-security threats, interest rate risk, private student lending and money services businesses will be scrutinized by NCUA examiners this year.
The modest global recovery will endure, but market volatility is likely as the Fed tapers.
As the nation slowly thaws out after brutally cold weather, credit unions may continue to see a bit of a freeze when it comes to deposit growth this year.
Cybersecurity, interest rate risk, private student lending and money services businesses are among agency's top exam priorities.
Credit unions are bracing for the adjustments they'll have to make to comply with new 2014 regulations.
Attaining peak performance while fighting interest rate risk requires getting back to basics and re-evaluating business strategy.
In taking steps to provide federal credit unions with derivatives authority as an additional tool to manage interest rate risk on the balance sheet, the NCUA demonstrated flexible thinking in evaluating its rules. That is to be commended.
That two-door hatchback with the spiffy, cushy interior bought back in 2003 may be on its last wheels.
A stronger regulatory focus on managing interest rate risk on the balance sheet has brought to the forefront the requirement that institutions back test their IRR models. Back testing is a means to check the sufficiency of the data, the setup and the assumptions used to produce an analytical report....