NCUA takes credit unions’ RBC2 questions during webinar

first_imgNational Credit Union Administration staff provided a breakdown of the agency’s revised risk-based capital proposal (RBC2) during a webinar Wednesday. Staff also answered questions from stakeholders–many of whom wanted to know if the NCUA would be providing an online “risk-based capital calculator” to assess the plan’s impact on individual credit unions.“The purpose of the updated rule is not to prevent credit unions from taking risks, it only mandates that if they choose to do so, they must also commensurately hold capital in line with their risk profile,” said Tom Fay, senior capital market specialist with the NCUA, who was one of the presenters at the webinar.According to Larry Fazio, the NCUA’s director of examination and insurance, the agency will not be developing a calculator for its website like it did for the previous proposal. This is due to the data needed for estimations differing from the data the NCUA currently has on file from credit unions’ call reports.“We do have, on our website, what’s called a risk-based capital estimator. Credit unions can download a spreadsheet and fill it in themselves with more precise data,” he said. “For this go-around we’re providing a spreadsheet credit unions can fill out to get more accurate information on their individual situations.” continue reading » 1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

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