National Credit Union Administration Chairman Todd M. Harper said the credit union system remains well positioned to handle any economic disruptions and market uncertainty during his remarks today at the Credit Union Leadership Convention in Las Vegas.
“The recent turmoil within the banking system is a reminder — for us all — of the need to manage capital, interest rate, liquidity, and credit risks,” Chairman Harper said. “That’s why the NCUA highlighted each of those risks as areas of focus in its supervisory priorities. In concentrating on these issues when examining institutions, the NCUA must be forward-looking, risk-focused, and ready to act expeditiously, if needed.”
Chairman Harper also discussed the issues of cybersecurity, interest rate risk, liquidity risk, and the importance of succession planning during his speech and panel discussion at the convention.