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NCUA Exams: Insights and Trends with Todd Miller & Steve Farrar
Manage episode 432598405 series 3303439
Το περιεχόμενο παρέχεται από το Mark Treichel and Mark Treichel's Credit Union Exam Solutions. Όλο το περιεχόμενο podcast, συμπεριλαμβανομένων των επεισοδίων, των γραφικών και των περιγραφών podcast, μεταφορτώνεται και παρέχεται απευθείας από τον Mark Treichel and Mark Treichel's Credit Union Exam Solutions ή τον συνεργάτη της πλατφόρμας podcast. Εάν πιστεύετε ότι κάποιος χρησιμοποιεί το έργο σας που προστατεύεται από πνευματικά δικαιώματα χωρίς την άδειά σας, μπορείτε να ακολουθήσετε τη διαδικασία που περιγράφεται εδώ https://el.player.fm/legal.
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Key Points:
1. Recent NCUA exam focus areas:
- Interest rate risk and liquidity risk (2022-2023)
- Board governance
- Commercial lending programs
- Loan concentrations
- Consumer compliance, especially for third-party relationships
2. Board governance issues:
- Increased expectations for board oversight and accountability
- Focus on risk appetite and concentration risk limits
- Need for analytical support and modeling for risk limits
3. Communication challenges:
- Frustrations with examiner communication and expectations
- Importance of documenting discussions and agreements with examiners
4. Enterprise Risk Management:
- Growing expectations for ERM programs, even for credit unions under $10 billion
- FDIC guidance on corporate governance as a useful resource
5. Stress testing requirements:
- Increasing expectations for analytical support of policy limits
- Can be costly and resource-intensive for credit unions
6. Information security:
- Ongoing area of focus, likely to increase given recent high-profile incidents
- May lead to more formal exam findings (DORs) on cybersecurity issues
7. Third-party vendor management:
- Renewed emphasis on oversight of third-party relationships
- Recent incidents may fuel push for NCUA third-party vendor authority
8. Looking ahead:
- Potential for increased NCUA staffing and resources for consumer compliance
- Importance of credit union communication plans for crisis situations
Guests: Todd Miller and Steve Farrar, former NCUA executives and current credit union consultants
Host: Mark Treichel
The podcast provides insights into current NCUA examination trends and offers advice for credit unions on navigating regulatory expectations.
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