Title : Matz: Extended Exam Cycles Will Have to Wait
Matz: Extended Exam Cycles Will Have to Wait
In a letter to Representative Frank Guinta (R - NH), National Credit Union Administration (NCUA) Chairman Debbie Matz nixed the idea of extending the examination cycle for credit unions to 18 months at this time.In the letter, she stated that the agency won't be in a position to consider expanding the exam cycle until the beginning of 2018.
She noted that the agency’s 2016 exam cycle and budget was already in place. Therefore, NCUA had limited capacity to make such changes at this time.
Chairman Matz also commented that NCUA had put in motion a number of initiatives that would improve the examination process, which will take time and resources to complete. She further wrote that these initiatives would form the foundation for any future NCUA Board decision to extend the examination cycle.
These initiatives include updating the Call Report and examination software platforms. In addition, recent regulatory changes by NCUA will require the agency to develop examiner guidance and to adopt new and specialized training for examiners.
She wrote that these new procedures and processes are scheduled to be in place by the end of 2017 and at that time, the NCUA Board will be in a better position to consider a comprehensive, well-integrated plan to extend the examination cycle.
She did write that NCUA in the meantime will continue its efforts to conduct streamlined examinations for smaller, well-run credit unions.
so articles Matz: Extended Exam Cycles Will Have to Wait
World CreditMatz: Extended Exam Cycles Will Have to Wait, hopefully can provide benefits to all of you..
You're reading an article Matz: Extended Exam Cycles Will Have to Wait and this article is a url permalink http://worldcredit.blogspot.com/2016/03/matz-extended-exam-cycles-will-have-to.html Hopefully this article This can be useful.
Tidak ada komentar:
Posting Komentar