Expect New RBC Proposal January 15

National Credit Union Administration Board Chair Debbie Matz will ask the board to consider a revised risk-based capital (RBC) proposal at its January 15 open board meeting, Matz announced on Friday. A 90-day public comment period would likely follow the new proposal, she added.

“During the six months since the comment period closed on the original proposed rule, we’ve taken the time to carefully review and methodically evaluate the many thoughtful comments received from stakeholders,” said Matz. “We’ve also considered the input received during three listening sessions across the U.S. this summer. We’re getting closer to issuing the revised proposed rule, which I now anticipate will be presented in January 2015 — one year since the original proposed rule.”

“To provide the public ample time to review this important safety and soundness rulemaking, I intend to support a 90-day comment period,” she added.

The NCUA received more than 2,000 comments on the original RBC proposal. Matz said in September that the revised proposal will include a longer implementation period and revised risk-weights for mortgages, investments, member business loans, credit union service organizations, and corporate credit unions.

Questions about this story? Contact James Pearson: 206.340.4790, jpearson@nwcua.org. 

Posted in NCUA.