The Libor price-fixing scandal, in which the London-based bank and financial services company Barclays manipulated Libor submissions to give a healthier picture of the bank’s credit quality in 2007 and 2008, has had little material effect on credit unions, according to industry experts. However, corporates that owned Libor-indexed assets during...
At a recent NCUA listening session in Alexandria, Va., representatives from the agency were asked whether investment regulations might be broadened to allow credit unions to purchase Treasury Inflation Protected Securities.
CU Exchange guest blogger Andrew McGeorge, senior portfolio strategist with CNBS, offers advice on how smaller credit unions might buy securities.
Credit unions will have to find another place to invest up to $1 billion worth of agency mortgage backed securities, according to an industry expert.