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NCUA says it'll Consider Concerns of All Stakeholders Before Adopting Final Risk-based Capital Rule
Monday, June 2, 2014 7:00 AM

In a letter to Congressman Peter King, National Credit Union Administration Chair Debbie Matz assures that the agency is committed to carefully considering the concerns of all stakeholders and making needed adjustments to the proposal before adopting a final rule.

“With the risk-based capital proposed rule, our goal is to ensure that those federally insured credit unions that have a higher appetite for risk hold enough capital to match that risk. In other words, the proposal seeks to scale the capital requirements based on an individual credit union’s balance sheet risks,” she writes the Congressman. “The proposed rule is similar to the risk-based capital rules for other U.S. financial institutions and provides the flexibility envisioned in the Basel capital accords.”

Matz also explained in her letter that the NCUA Board had planned on a 90-day comment period to allow more time than the standard comment period of 30 or 60 days. Ultimately, from the time the NCUA Board issued the proposed rule on Jan. 23 until the close of the comment period on May 28, commenters had 125 days to review the proposed rule. In all, Matz wrote, the comment period was NCUA’s second longest in the last two decades and provided ample time for stakeholders to review and provide useful comments.

Please click here to read Matz’ letter to Congressman King in its entirety.