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.

OCC Releases Updated Risk Management Guidance

The Office of the Comptroller of the Currency recently released updated guidance for national banks and federal savings associations for assessing and managing the risks associated with third-party relationships. The guidance does not directly apply to credit unions, but they still may find it useful.