NEW: Registration closing soon for CUNA's Jan. 26 RBC2 webinar
WASHINGTON (1/23/15 UPDATED 12:15 p.m. ET)--Registration closes soon for the Credit Union National Association's Jan. 26 webinar on the National Credit Union Administration's revised risk-based capital proposal (RBC2).
CUNA President/CEO Jim Nussle, Chief Policy Officer Bill Hampel and Deputy General Counsel Mary Dunn will discuss how and to what extent the new proposal addressed the significant concerns of CUNA members raised with the first proposal.
The webinar will feature the CUNA economic team's analysis of the impact the proposal will have, as well as other areas of continuing concern.
CUNA staff will show credit unions what they need to assess their own outcome under the proposal and broader implications for the credit union community.
In addition to CUNA staff, NCUA Director of Examination and Insurance Larry Fazio will break down the proposal, including the NCUA's view of why they made some changes from the original proposal.
Nussle, Hampel, Dunn and Fazio will also answer questions from participants, as time allows.
The free, 60-minute webinar is scheduled for 1 to 2 p.m. (ET).
The RBC2 proposal was released at the NCUA's Jan. 15 board meeting, almost a year after the original proposal was introduced. While it contains improvements over the original, it is still a "solution in search of a problem," Nussle said.
The proposal will have a 90-day comment period, which will begin once it is published in the Federal Register, which is expected in the coming weeks.