Finance & markets · 18/01/2013

NCUA Issues Final Rule on Corrective Action, Requirements for Insurance, and Promulgation of NCUA Rules and Regulations

The NCUA Board is issuing a final rule to amend its Interpretive Ruling and Policy Statement and two regulations that apply asset thresholds to grant relief from risk-based net worth and interest rate risk requirements. The rule increases the asset threshold for credit unions eligible for more robust regulatory relief in future rulemakings, and also grants immediate and prospective relief to a larger group of small credit unions.