WASHINGTON—NCUA is being asked to take another look at its risk-based capital rule.
“Maintaining a fair and even playing field is a key tenet of NAFCU's regulatory reform agenda, and the association will encourage the NCUA to revisit its risk-based capital requirements in light of the FDIC, Federal Reserve and the Office of the Comptroller of the Currency accepting a proposal (this week) to alter their RBC standards,” NAFCU said.
The regulators' proposal would simplify the capital treatment for certain "acquisition, development, and construction loans, mortgage servicing assets, certain deferred tax assets, investments in the capital instruments of unconsolidated financial institutions, and minority interest," according to the A joint press release from the regulators.
NCUA Chairman J. Mark McWatters has indicated that revisiting this rulemaking is on his list of priorities for this year, NAFCU noted.