NCUA Releases Supervisory Letter on Enterprise Risk Management

The National Credit Union Administration (NCUA) recently released Supervisory Letter No. 13-12, which discusses the NCUA’s views on Enterprise Risk Management as one framework for managing risk, and the NCUA’s supervisory expectations with regard to credit unions’ risk-management programs.

Change Approach to Managing Fraud

A CUNA Mutual Risk Consultant says fraud management needs to reach across the entire business enterprise, not just silo monitoring.