Matz goes on record with Gentile on key regulatory issues facing credit unions
From the anticipated range of corporate assessments, to a new stress testing proposal, National Credit Union Administration Chair Debbie Matz covers a wide spectrum of issues in the most recent edition of Inside Exchange with the Credit Union National Association’s Paul Gentile.
This is Part I of a two-part “Inside Exchange” with the NCUA chair. One of the key issues covered in Part 1 is NCUA’s approach with new regulations and its approach to regulating the evolving credit union system.
“We are reallocating resources to the credit unions where there’s risk and those tend to be the larger credit unions. I don’t see us decreasing our work force, but I see a reallocation.
“We will have more examiners focused on those credit unions and also more specialists that have expertise in capital markets and member business lending. But for the smaller credit unions they will probably have examiners in their shops for fewer hours because we’re doing a reduced scope in smaller credit unions that don’t have significant issues.”continue reading »