NCUA Discontinues Risk Ratings Eliminates Reputation Risk Under Executive Order Guaranteeing Fair Banking for All Americans

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Credit Union Regulatory Guidance Including: NCUA, CFPB, FDIC, OCC, FFIEC

Credit Union Exam Solutions Inc.

115 episodes

4 days ago

This podcast provides you the ability to listen to new regulatory guidance issued by the National Credit Union Administration, and occasionally the F D I C, the O C C, the F F I E C, or the C F P B. We will focus on new and material agency guidance, and historically important and still active guidance from past years that NCUA cites in examinations or conversations. This podcast is educational only and is not legal advice. We are sponsored by Credit Union Exam Solutions Incorporated. We also have another podcast called With Flying Colors where we provide tips for achieving success with the N C U A examination process and discuss hot topics that impact your credit union.

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NCUA Discontinues Risk Ratings Eliminates Reputation Risk Under Executive Order Guaranteeing Fair Banking for All Americans

Credit Union Regulatory Guidance Including: NCUA, CFPB, FDIC, OCC, FFIEC

5 minutes

1 month ago

NCUA Discontinues Risk Ratings Eliminates Reputation Risk Under Executive Order Guaranteeing Fair Banking for All Americans

www.marktreichel.com

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N C U A Discontinues Risk Ratings and Reputational Risk

Show Notes
In this episode, Samantha Shares provides an audio version of the recent N C U A communications announcing the discontinuation of risk ratings and the elimination of reputational risk in credit union examinations.

In early September, N C U A emailed CEOs and Board Chairs that it would stop using individual risk ratings for categories like Credit, Liquidity, and Strategic risk. Later that month, the agency issued a press release confirming it would no longer use reputational risk or equivalent concepts, in line with White House Executive Order Fourteen Three Three One.

Listeners will hear the original text of these letters and announcements, voiced audiobook-style, without added commentary. This principle-based guidance is designed to streamline examinations, reduce duplicative scoring, and focus examiner attention on material issues reflected in CAMELS ratings.

Key points covered in the episode include:

The removal of duplicative risk ratings for the seven traditional risk categories.
Confirmation that N C U A examiners will still assess risk, but only in the context of CAMELS ratings.
The elimination of reputational risk as a supervisory concept.
Clarification that issues such as litigation exposure or insider abuse will still be reviewed under material financial impact.
An emphasis on more streamlined examination reports and communications with credit unions.

This audiobook-style presentation is intended as an educational resource for credit union leaders and boards.

Disclaimer
This podcast is educational and is not legal advice.

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