WASHINGTON (3/6/13)--In the February edition of CUNA's CompBlog Wrap-Up
, Credit Union National Association Senior Vice President for Compliance Kathy Thompson provides an overview of anticipated National Credit Union Administration actions that were gleaned during the 2013 Governmental Affairs Conference.
In her "What I Heard at the GAC" column, Thompson notes that further explanatory information on troubled debt restructuring will be released by the agency "very soon," and guidance on what recent credit ratings regulations will mean, and what examiners will be looking for, will be released "within two months." The NCUA plans to conduct more document of resolution training for examiners this spring, she adds.
Other regulatory issues that Thompson touches on include:
- Loan participations;
- Concentration risk and student loans;
- Investments supporting employee benefit plans;
- Enterprise-wide risk management;
- Prompt corrective action;
- Derivatives; and
- Emergency liquidity.
also highlights the results of CUNA's recent credit union examination survey and explains how CUNA plans to use the survey results. And, as it does every month, this issue of CompBlog Wrap-Up
lists the upcoming effective dates of new regulations, important compliance articles and reports to read, as well as CUNA training programs.
For more of CUNA's CompBlog Wrap-Up
, and other compliance gems including an announcement of the 2013 Compies Award winners, use the resource link.