Compliance Blog

Every once in a while, I read a document and ask myself this: "Yikes!  How long have I overlooked this?"

And so it was as I read Chapter 2 of NCUA's Examiner's Manual.   At the end of the chapter is a series of charts that rate risk in the seven different risk areas highlighted by NCUA.  Those risks would be:

1. Interest rate
2. Transaction
3. Credit
4. Liquidity
5. Compliance
6. Strategic
7. Reputation

Here's the portion of the chart that discusses compliance risk:  Download compliance_risk.pdf.  If an area rates as a "high" risk, you can see if you have policies and procedures in place that mitigate the risk.

Good stuff, people.  Good stuff.