CUNA Regulatory Comment Call - Interagency Guidance: Funding and Liquidity Risk Management

July 20, 2009 | COMMENTS

The National Credit Union Administration (NCUA), along with other federal financial regulatory agencies, has issued proposed interagency guidance (Guidance) on funding and liquidity risk management.

The Guidance summarizes liquidity risk management principles previously issued by the regulatory agencies, and in certain instances, more closely aligns them with the "Principles for Sound Liquidity Risk Management and Supervision" issued by the Basel Committee on Banking Supervision in 2008.

The proposed Guidance requires institutions to have a comprehensive management process for identifying, measuring, monitoring, and controlling liquidity risk.

Comments are due to the agencies by September 4; please submit your comments to CUNA by August 19.

Please feel free to fax your responses to CUNA at (202) 638-7052, or e-mail them to Senior Vice President and Deputy General Counsel Mary Dunn at mdunn@cuna.coop and Regulatory Counsel Luke Martone at lmartone@cuna.coop. You may also contact us at (800) 356-9655, ext. 6743, with any questions. Click here for the proposed Guidance in the Federal Register.

Read the Full CUNA Comment Call with Background & Questions to Consider