Matz’s comment undermines integrity of rulemaking process

first_imgby: Keith LeggettDespite being in the middle of the risk-based capital proposal comment period, National Credit Union Administration (NCUA) Chairman Debbie Matz announced on March 9 that the agency will issue later this year a proposal to count supplemental capital in full in its risk-based capital numerator.This announcement seems to undermine the rulemaking process.NCUA put out for a 90 day comment period its proposed rule with comments due by April 27.As part of the risk-based capital proposal, the NCUA Board requested comments to several questions about supplemental capital, including “[s]hould additional supplemental forms of capital be included in the risk-based capital ratio numerator and how would including such capital protect the NCUSIF from losses?” continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img