This week: FDIC takes up derivatives exposure reg, HVCRE; NCUA holds budget briefing, acts on real estate appraisals; CBLR webinar on tap

Regulatory action on banks’ derivatives contracts exposures and the definition of high volatility commercial real estate (“HVCRE”) exposure, a final rule on credit union real estate appraisal requirements, and a public briefing on the federal credit union regulatory agency’s proposed 2020 budget dominate the next three days of scheduled activity at the federal financial institution regulatory agencies.

Here’s what’s ahead:

Tuesday

The Federal Deposit Insurance Corp. (FDIC) Board meets at 10 a.m. ET on a standardized approach to calculating banks’ exposure to derivative contracts, the treatment of central bank deposits in firms mostly engaged in custody, safekeeping and asset servicing activities, changes in the definition of high-volatility commercial real estate (HVCRE) exposure for capital purposes, and more. The meeting will be streamed live here online.

Also on Tuesday, the National Credit Union Administration (NCUA) will hold a webinar, “Fair Lending and Consumer Compliance Regulatory Update,” from 2 to 3:30 p.m. Topics will include the agency’s new payday alternative loan (PALs II) rule; findings from reviews of Home Mortgage Disclosure Act (HMDA) loan and application registers; Regulation B (Equal Credit Opportunity Act) adverse action notices; and elder financial abuse. (Register here.)

Wednesday

A public briefing on the NCUA’s proposed 2020-2021 budget will be held at agency headquarters. The briefing is slated from 10 a.m. to noon and will be streamed live online via the agency’s website.

Thursday

The NCUA Board holds an open meeting from 10 a.m. to noon. The agenda includes a quarterly report on the National Credit Union Share Insurance Fund (NCUSIF); Final Interpretive Ruling and Policy Statement (IRPS) 19-1, Guidance Regarding Prohibitions Imposed by Section 205(d); and a proposed rule under Part 722 on real estate appraisals. The open meeting will be streamed live.

Thursday also brings a webinar for bankers. The FDIC, Federal Reserve, and Office of the Comptroller of the Currency (OCC) will host an interagency webinar, “Community Bank Leverage Ratio Framework,” from 2 to 3:30 p.m. The regulators have jointly published a final rule creating the CBLR framework that community banks under $10 billion in assets (except advanced approaches institutions) can use to fulfill risk-based capital requirements, as provided under the 2018 Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA, S. 2155).