New Basel guidance for weak institutions recommends risk-based capital for all.
As May 28 comment deadline looms, reaction runs deep to risk-based capital rule from NCUA.
Read why industry leaders think parity of Basel III is inappropriate for credit unions and what the NCUA should do instead.
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.
Fed, FDIC, Comptroller say comments, concerns influenced decision. No new date announced.
Under proposed Basel III guidelines, credit unions must treat shares members can redeem without restriction as liabilities on their balance sheets.
The leaders of CUNA and NAFCU yesterday wrote NCUA Chairman Debbie Matz requesting her "leadership and assistance" in moving capital reform through Congress.
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.
World Council of Credit Unions announced Feb. 1 that it will collect and present credit union input to the Basel Committee on Banking Supervision, which will make revisions to the Basel II Accord this year.