Breaking NewsCUTimes.com will be offline for scheduled maintenance Friday Feb. 26 9 PM US EST to Saturday Feb. 27 6 AM EST. We apologize for the inconvenience.

 
X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Mary Dunn, CUNA senior vice president and associate general counsel for regulatory affairs, participates in a May 26 panel discussion about key aspects of NCUA’s PCA proposal. The panel was sponsored by the Washington, D.C. group Women in Housing Finance as part of the group’s “Symposium on Capital Issues for Financial Institutions.” The panel also included NASCUS Executive Director Mary Martha Fortney (shown at left); Dave Marquis, director of NCUA’s Office of Examination and Insurance; and NAFCU Economist Jeff Taylor. “The problem with the current system is that net worth requirements are too high in relation to credit unions’ relatively low risk,” said Dunn. “In addition, credit unions do not have access to capital markets and may only build net worth through retained earnings.” Marquis explained how reform of capital standards is vital for credit unions as other federal financial regulators explore implementation of BASEL II and other capital reforms for banks in the United States

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.