Two out of three IRR guidance possibilities require additional capital from credit unions.
New credit loss guidelines are placing pressure on credit union CFOs, while increasing regulations drive small credit unions out of business.
Basel Committee guidance for loan loss could mean big changes for U.S. credit unions.
WOCCU warns the Basel Committee's guidance could change how U.S. credit unions account for credit losses.
New credit risk measurement proposal could put bank loans out of reach for some smaller CUs, WOCCU says.
International credit union trade group cautions that the NCUA and other U.S. regulators often implement Basel ideas.
New Basel guidance for weak institutions recommends risk-based capital for all.
The World Council of Credit Unions urged the Basel Committee on Banking Supervision to strive for greater clarity in its recent “Sound Management of Risk Related to Money Laundering and Financing of Terrorism” consultative document. The Basel Committee’s AML rules are one of the international standards that influence U.S. credit unions’...
World Council pens letter on AML lists and CU membership to Basel Committee on Banking Supervision.
American credit unions aren't subject to international capital requirements, but changes to these requirements could prompt the U.S. government to allow supplemental capital.