UPDATES TO NCUA'S INTEREST RATE RISK SUPERVISORY FRAMEWORK FROM 2022 SL-22-01

Credit Union Regulatory Guidance Including: NCUA, CFPB, FDIC, OCC, FFIEC

Understanding NCUA's Updated Interest Rate Risk Supervisory Framework

The podcast discusses the supervisory letter by NCUA, numbered 22-01, issued in September 2022, which updates the Interest Rate Risk Supervisory Framework. The letter is still active and serves as a reference for the agency staff during examinations and discussions. The podcast covers important aspects of the letter, such as the sharp increase in interest rates and its impact on credit unions, changes to risk management expectations, and updated supervision procedures for interest rate risks. It also provides advice for credit unions worried about NCUA examinations. The show is sponsored by Credit Union Exam Solutions Incorporated, and is presented by Mark Treichel.

00:00 Introduction and Sponsorship
01:02 Overview of the Supervisory Letter
02:33 Changes in Interest Rate Risk Supervisory Framework
03:16 Examination Procedures and Guidelines
04:25 Background of Interest Rate Risk Supervision
07:28 Updated Supervision Procedures for Interest Rate Risk
08:29 Key Procedure Changes for Interest Rate Risk Supervisory Framework
14:12 Additional Considerations when Assessing Credit Unions’ Interest Rate Risk
22:29 Guidelines for Federally Insured, State-Chartered Credit Unions
22:41 Appeals and Additional Guidance
23:09 Conclusion and Contact Information