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Video: Bob Fenner Discusses New Corporate Rules at the NCUA Virtual Town Hall

Submitted by ekashner on October 23, 2009 |


Bob Fenner, General Counsel for the NCUA, discusses the proposed new regulations of corporate credit unions during the Virtual Town Hall webcast:

Outline of the proposed new corporate regulations to be presented at the November 19th public board meeting:

  1. Strengthen capital through risk-weighted capital requirement

  2. Reduce investment risk through concentration limits

  3. Control investment risk; eg. limits on weighted average life of investments, restrictions or prohibitions on certain types of investments

  4. Increased transparency and accountability at corporate credit unions

Please use these links to see the full Virtual Town Hall webcast#1F497D;"> or to view the above referenced San Diego town hall meeting, which includes a more detailed description of the NCUA’s proposal.  We will continue to keep you updated as more information becomes available.

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