The NCUA board of directors will hold its monthly board meeting next week, on Thursday, July 22. The virtual meeting will begin at 10 a.m. and will be streamed live on the agency’s website.
The following items are listed on the board’s agenda:
- NCUA’s 2022 – 2026 Strategic Plan.
- Request for Information and Comment, Digital Assets and Related Technologies.
- Notice of Proposed Rulemaking, Parts 702 and 703, Complex Credit Union Leverage Ratio.
The proposal on complex credit union leverage ratios is likely in relation to an advance notice of proposed rulemaking the board issued in January. Among other things, the ANPR was aimed at finding avenues to simplify the agency’s risk-based capital requirements, which are set to take effect in January 2022.
The ANPR sought comments on two different approaches:
The first approach would replace the risk-based capital rule with a Risk-based Leverage Ratio (RBLR) requirement, which uses relevant risk attribute thresholds to determine which complex credit unions would be required to hold additional capital (buffers). The second approach would retain the 2015 risk-based capital rule but enable eligible complex FICUs to opt-in to a “complex credit union leverage ratio” (CCULR) framework to meet all regulatory capital requirements. The CCULR approach would be modeled on the “Community Bank Leverage Ratio” framework, which is available to certain banks.
Results from the meeting will be reported in the New York Minute.