Home » Posts tagged 上海夜网WC

NCUA issues final Risk-Based Capital Rule

first_imgSince the Great Recession, the financial institution industry has been flooded with regulatory changes. From the Dodd-Frank Wall Street Reform and Consumer Protection Act to the expected change in the allowance for loan losses to a current expected credit loss model, the purpose of regulatory reform is to provide stability and confidence in the industry. To that end, the National Credit Union Administration (NCUA) recently approved a final risk-based capital (RBC) rule.The NCUA proposed sweeping changes to the capital rules in 2014 in an effort to replace the current risk-based net worth ratio with a metric that more adequately addresses the amount of capital compared to credit union balance sheet risks. The NCUA expects credit unions will be able to better absorb losses through sufficient capital without causing systemic losses to the National Credit Union Share Insurance Fund (NCUSIF). The RBC rule will apply to complex credit unions—those with more than $100 million in assets. This exempts 78 percent of federally insured credit unions from the risk-based capital requirements.The final rule also will incorporate minimum ratios for credit unions to be considered adequately capitalized (8 percent) or well-capitalized (10 percent). The 2014 proposed RBC rule included an individual minimum capital requirement. This was removed in the final RBC rule, though the final rule offers the NCUA remedies to address credit unions with deficiencies in capital levels.Calculating the RBC RatioThe RBC ratio will be determined by dividing the RBC by the credit union’s total risk-weighted assets. RBC includes tangible and/or liquid balance sheet items that would be available to cover losses incurred by the credit union, including undivided earnings, appropriation for noncomforming investments, equity acquired in a merger, net income and secondary capital accounting in net worth with the addition of the allowance for loan losses. Deducted from RBC will be the credit union’s NCUSIF capitalization deposit and any intangible assets, including goodwill.The denominator of the ratio will represent the credit union’s total risk-weighted assets, including certain off-balance-sheet assets, and will be reduced by the same items that reduce the numerator. There are 10 categories of risk weights, comparable to the FDIC’s Basel III risk weights implemented by the banking system in 2015. The risk weighting of the balance sheet will require higher levels of capital for credit unions with concentrations in real estate loans, commercial loans or noncurrent loans. A significant change from the 2014 proposed RBC rules is the elimination of interest rate risk from the calculation of risk-based assets.Implementation The implementation date of the rule is January 1, 2019. While most credit unions affected by this rule will be considered well-capitalized, the extended implementation date will allow credit unions to implement capital strategies to reduce risk on the balance sheet and/or maintain the current risk. Credit unions also should consider how proposed changes in business operations or potential mergers or acquisitions will impact the credit union’s RBC ratio. Extensive changes will be required to the 5300 Call Report; these are expected to be complete in early 2018. The changes will affect not only regulatory capital schedules but also loan, investment and other schedules. Complex credit unions also will be required to implement a capital policy addressing the credit union’s strategy for assessing capital adequacy and maintaining appropriate capital levels.For more information on how the final RBC rules could affect your credit union, contact your BKD advisor. 9SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Bob Swartz Bob is a member of BKD National Financial Services Group and provides a full range of assurance and consulting services to banks, thrifts and credit unions. He also provides audit … Web: www.bkd.com Detailslast_img read more

Continue reading

Irish sailors bound for Rio

first_imgIt’s an 11th games qualification for Kinsale Yacht Club’s Twomey from Ballinhassig in Cork .The Sonar crew have qualified following an 11th and 12th place finish on the penultimate day of the IFDS Paralympic World Sailing Championships in Melbourne.last_img

Continue reading

Highland favorite for A.V. swim meet

first_imgHighland High’s and Quartz Hill High’s girls’ swim teams won’t compete against each other until April 15 at the Antelope Valley Invitational, but Lancaster coach Amanda Orlando might know something the rest of the Golden League doesn’t when handicapping the first of three showdowns. “I honestly believe (Highland) will win,” she said. “Highland’s girls have so many club swimmers that I think they have a very good chance to beat Quartz Hill.” At the beginning of the season, Orlando was optimistic her team could compete with Highland and possibly finish second in league. After watching the Bulldogs compete March 18 at the Rubidoux Relays in Riverside, she had to reassess the Eagles’ chances. “They brought two buses full of kids,” said Orlando, whose swimmers train at Eastside Pool, the same practice facility used by Quartz Hill. “They finished third overall, and they looked really strong. We only had half our roster there (and finished sixth), but I was impressed with Highland.” Lancaster returned Melissa Higgins and sisters Alicia and Falicia Mazzella from last year’s third-place team and added freshman twins Kaitlyn and Kristen Guercio, giving them the front-line talent to attempt challenging Highland and Quartz Hill. The Bulldogs also added some talent, with Ashley Cecil, Sarah Pino and Jenna Poitras joining an impressive lineup featuring Marissa Cecil. Their presence helped offset the arrivals of Sara Barron, Brittany Blankenship and Lauren Hughes at Quartz Hill. “Since I practice with Quartz Hill, I see all their swimmers,” Orlando said. “I think having Sarah Pino and Jenna Poitras is really big for Highland.” Balancing act: As much as Quartz Hill’s decade-long dominance of the Antelope Valley has been about individual talent, the Rebels also have relied heavily their depth to win dual meets and league championships. Highland coaches Judy Remy and Mike Timperio have done their best to even the odds this season. “It’s awesome, because you’re seeing more competition across the board,” Quartz Hill boys’ coach Mark Thibault said. “I was talking to Mike (Thursday) night, and we were talking about how we can’t wait for this to happen. It’s a good thing for everybody involved.” Two is better than one: Moving the Antelope Valley Invitational to April 15 could benefit Lancaster’s girls in their attempt to beat Highland in an April 12 dual meet at Marie Kerr Park. The daylong invitational at Eastside Pool was scheduled for March 11 but was postponed because of inclement weather. Lancaster lost to the Bulldogs 264-261 at last year’s event, but Orlando believes getting an advance scouting report three days before the meet might increase the Eagles’ chances of knocking off Highland. “I think it’s an advantage,” she said. “It’ll give us an opportunity to see what kind of competition we have and see what areas we need to work on.” The April 12 dual meet will be Lancaster’s first following spring break. The Eagles were scheduled to compete against Eastside next week, but the first-year school doesn’t field a varsity team. Building up: Quartz Hill returns from spring break with meets against Antelope Valley and Palmdale, then concludes the regular season with two invitationals – Antelope Valley and Royal of Simi Valley – and showdowns against Lancaster and Highland, all in a two-week span. “It’s going to be a huge month for us, with some serious competition,” Thibault said. Erik Boal, (818) 713-3607 [email protected] AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREOregon Ducks football players get stuck on Disney ride during Rose Bowl event160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more

Continue reading