NCUA to Re-Propose RBC Rule in January 2015
November 24, 2014 – NCUA has announced that the second risk-based capital (RBC) rule will be presented at the January 15, 2015 NCUA Board meeting for a 90-day comment period.
NASCUS filed extensive comments during the first proposed RBC rule comment period, and has continued to work with NCUA to improve the proposal.
In announcing the January 15, 2015 publication date for the second proposed RBC rule, NCUA noted that the amended proposal will include several major changes, including, a longer implementation period and revised risk weights for mortgages, investments, member business loans, credit union service organizations (CUSOs) and corporate credit unions. NCUA will also invite comment on addressing interest rate risk (IRR). NCUA has previously announced that it would remove the IRR provisions from the RBC rule.