A proposed rule on risk-based net worth (RBNW) will be considered by the National Credit Union Administration (NCUA) Board when it gathers next week for its June open monthly meeting, according to an agenda posted by the agency Thursday.
In a March 2017 joint report to Congress issued by the FFIEC, then-NCUA Board Chairman J. Mark McWatters noted that the agency intended to “substantially revise the risk-based net worth rule (RBNW).” Since then, the agency has taken a number of other steps, including early this year issuing a proposed rule on subordinated debt (which was also addressed as an “upcoming proposal” in the 2017 report). Comments are due July 8 on that proposal.
The NCUA Board will also consider:
- A briefing on NCUA’s Guaranteed Notes Oversight Program;
- A request for information on “Strategies for Future Examination and Supervision Utilizing Digital Technology”;
- A briefing on the Minority Depository Institution Annual Report; and
- A final rule on technical amendments to agency rules.
The board is scheduled to meet (virtually, by phone) June 25 at 10 a.m. ET.