Posted February 12th, 2013 No Comments
NCUA letter outlines 2013 exam goals

Increased clarity in examiner guidance and increased consistency in examination practices are key supervisory focuses of NCUA this year, according to NCUA Chairman Debbie Matz in a new Letter to Federally Insured Credit Unions.

The agency will strive to enhance the clarity of examiners in the areas of member business lending (MBL), credit ratings and troubled debt restructurings (TDRs), Matz noted. Credit unions can expect a supervisory letter to add clarity to the process and expectations for MBL rule waiver requests, as well as follow-up guidance on complying with the final rule replacing the use of credit ratings with alternative standards to assess the creditworthiness of securities and money-market instruments.

According to the letter, examiners will evaluate a credit union’s capacity to manage risk in the following areas:

• operational risk involving technology and internal controls; and
• balance sheet management, including interest rate and liquidity risk, concentration risk and risk that can be associated with offering less established or complex products.

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