The NCUA has removed interest rate risk from the agency's risk-based capital proposal and plans to introduce a separate IRR rule in the future.
"That proposed rule is likely to come to the board in the first half of 2015," John Fairbanks, NCUA public affairs specialist, said Monday.
Paul Gentile, president/CEO of the Massachusetts Credit Union League, New Hampshire Credit Union League and the Credit Union Association of Rhode Island, attended an Oct. 30 meeting with NCUA Board Chairman Debbie Matz and other agency staffers where several regulatory issues, including IRR, were discussed.
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.
