The NCUA has released a new economic update on the regulator'sYouTube channel.Chief Economist John Worth's two-part segment posted Mondayfeatures an overview of key economic indicators and the NCUA'srecently proposed derivatives rule.
|Worth's economic analysis covers rising interest rates and theresulting challenges for credit unions, as well as the recoveringhousing market, recent improvements in the labor market and solidconsumer confidence statistics.
|The second segment features J. Owen Cole Jr., director of theDivision of Capital and Credit Markets in the Office of Examinationand Insurance, who discussed the proposed derivatives rule.
|In May, the NCUA Board proposed the rule which would allowwell-managed credit unions with more than $250 million in assets toinvest in simple derivatives that include interest rate swaps andcaps.
|The expanded investment authority intends to help credit unionsmanage interest rate risk. The NCUA has posted a Q&A on theproposed rule online.
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