Proposed Corporate Regs Are Long on Risk Management, Short on Structure

By Heather Anderson

The NCUA’s proposed corporate regulations, released Nov. 19, didn’t contain many surprises, as board members and staff had already discussed many of the amendments with industry leaders and in public arenas beforehand.
The document contains few structural mandates. Instead, regulators have introduced stronger capital requirements and risk management measurements that could impact operational strategies.
NCUA Director of Public and Regulatory Affairs John McKechnie agreed that the proposed rule changes were primarily aimed at improving risk management, particularly as it relates to investment products and strategies that have emerged in markets since the last time corporate regulations were updated.
“We wrote the new safeguards and standards to not only address past problems, but hopefully keep corporates ahead of future problems, too.” Via: www.cutimes.com

Read the complete article here >>

Keine Kommentare:

Kommentar veröffentlichen