Fazio details RBC2 in free webcast today; sign up now

first_img 11SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Today brings NAFCU’s free webcast on RBC2 with NCUA Director of Examination and Insurance Larry Fazio, who will give credit union viewers a closer look at the agency’s final rule on risk-based capital and NCUA’s plans for implementing it.Fazio will discuss implementation of the final rule from the supervision and examination side. The final rule takes effect in 2019; to support it, NCUA will also be working on changes to the call report as well as its AIRES exam system.NAFCU has published a Final Regulation (login required) on RBC2 for members. In addition, NAFCU’s Compliance Blog is running a series of Friday posts on the RBC2 final rule.In last week’s installment, NAFCU Regulatory Affairs Counsel Alicia Nealon detailed the risk-based capital ratio that will be applied to “complex” credit unions. These institutions, defined by the rule as credit unions with more than $100 million in assets, will determine their RBC ratio by calculating the percentage, rounded to two decimal places, of its RBC numerator to its total risk-weighted assets denominator. continue reading »last_img