NCUA to unveil new RBC proposal Jan. 15

first_imgIt’s official. Credit unions will get their first look at a revised regulatory risk-based capital (RBC) plan from the National Credit Union Administration next Thursday. The new plan will be unveiled at the Jan. 15 open board meeting, according to an agenda released by the agency Thursday.The revised proposal will come out almost a year after the NCUA first proposed a RBC regime, one that met with a serious outcry from stakeholders, federal lawmakers and more.Jim Nussle, Credit Union National Association president/CEO, thanked the NCUA Thursday for slating the RBC discussion for the January meeting.“CUNA will review and carefully evaluate the second risk-based capital proposal from the NCUA at the agency’s Jan. 15 board meeting,” he said. “We remain deeply concerned regarding several aspects of the original risk-based capital proposal.“We know some of the concerns we raised in our comment letter are being considered in the second proposal, including, but not limited to: the 10.5% requirement to be well capitalized, risk weights, ensuring a second comment period and the allotted time for the implementation period.” continue reading » 3SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img

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