NCUA unveiled its revised risk-based capital proposal today during its board meeting.
The agency agreed to let CUNA and a limited number of other parties to record today’s much-anticipated session on risk-based capital, CUNA’s News Now reports.
The video cameras are a significant change from the agency's standard operating procedures for board meeting.
CUNA President/CEO Jim Nussle thanked NCUA for agreeing to CUNA's request to video record the important RBC discussions. He noted that CUNA will post the video to cuna.org and announce through News Now when the recording is available.
"We look forward to the meeting, and hope that live-streaming will become available in the near future to best serve all those in the credit union system," Nussle says.
CUNA continues to press the agency for significant changes on:
“CUNA is already hard at work developing and planning resources to help credit unions understand the impact of the new proposal,” according to the CUNA Regulatory Advocacy Report. “Among many tools we have in the works is our standard board meeting report that will be out soon after the meeting concludes. Other planned resources will focus on the CUNA Governmental Affairs Conference, which will occur during the 90-day comment period.
“We expect the proposal and description from NCUA will lengthy but CUNA urges credit unions to consider its impact on their operations and share their views with CUNA, their leagues and NCUA. We want to work together to pursue the best outcome that is possible with this proposal.”
CUNA will hold a free webinar on NCUA’s risk-based capital proposal on Monday, Jan. 26, from 1-2 p.m. (EST) to educate and mobilize the credit union movement about the proposal. Click here to register.
NCUA also will hold a webinar on the proposal Jan. 21 at 2 p.m. (EST). It will be hosted by Larry Fazio, director of NCUA’s Office of Examination and Insurance.
The webinar will provide an overview of the revised proposal, in addition to the changes made from the earlier risk-based capital proposal.
The webinar will be closed-captioned and archived online approximately three weeks after the live event.
Follow the @NewsNowLiveWireTwitter account, search the hashtag #RBC2 and #NCUABdMtgand stay tuned to News Nowthroughout the day for continuing live updates. CUNA's Risk-Based Capital blogwill also be posting updates throughout the day.
CUNA will post video of the meeting in Friday's issue of News Now.