Two-person board to hear about Call Report modernization
May 12, 2016 – A briefing on 5300 Call Report modernization – which has been linked by NCUA to the implementation of its new risk-based capital rule – is on the agenda for NCUA Board Chairman Rick Metsger’s first meeting of the now two-person board next Thursday (May 19).
With the retirement of former Chairman Debbie Matz April 30, Metsger and Board Member J. Mark McWatters are the remaining duo.
Last fall, when the NCUA Board adopted the RBC rule (which doesn’t go into effect until Jan. 1, 2019), the agency also said it would be working to “revamp” the Call Report, to get underway early this year and to include adding data items necessary to compute the risk-based capital ratio. At that time, the agency said it was aiming to complete the Call Report changes by the end of 2017, with an aim at looking at the “whole call report,” primarily at reorganizing it – not necessarily adding data, and quite possibly dropping some.