CHICAGO — NCUA Board Chairman Debbie Matz said Thursday shewould allow a second comment period on the proposed risk-based capital rule, but only if the law requires it.
“We are doing a top to bottom review, and if after we dothat review and look at our proposed changes … if under theAdministrative Procedure Act, we determine that we are required tobecause we have made significant changes to the intent of the reg,we will,” Matz said during the agency's Listening Session.
“But, if we determine that these are changes consistent withwhat we have proposed and it's just really more of a fine tuning and we arenot required to re-propose it, we probably will not,” sheadded.
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.
