NCUA Board Chairman Debbie Matz said the agency's risk-basedcapital rule would likely be changed before it is finalized.
“Just as the NCUA incorporated significant changes to our finalrules on troubled debt restructurings,loan participations and derivatives … I assure you theNCUA will do so, as appropriate, on this critically importantrule,” Matz said in response to a joint letter from CUNAPresident/CEO Bill Cheney and NAFCU President Dan Berger.
Both CUNA and NAFCU had asked NCUA to change the rule's commentperiod to 180 days from 90 days.
Also of Interest:
CUNAAnnounces New Risk-Based Capital Webinar
Risk-BasedCapital Proposal Is 'One Size Fits All': NACUSO
5Reasons Credit Unions Worry About Risk-Based Capital
Matz declined an extension but noted that credit unions wouldhave 120 days in total to comment since the rule was not immediately published in the FederalRegister.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
- Educational webcasts, white papers, and ebooks from industry thought leaders.
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
