Newsroom
New insight post details recent IRR and NEV test developments
In a new insight post on NAFCU’s CFO Network and NAFCU Compliance, Risk, & BSA Network, Regulatory Affairs Counsel James Akin summarizes recent actions and guidance on Interest Rate Risk (IRR) and the net economic value (NEV) supervisory test.
The post discusses NAFCU’s July meeting with the NCUA to discuss credit unions' IRR challenges and how the NCUA can help credit unions better manage IRR in a rising rate environment. Akin also highlights the NCUA’s September Letter to Credit Unions and supervisory letter that discuss changes to the IRR framework.
Additionally, the post summarizes the NCUA’s webinar from Sept. 15 where the agency detailed more information with credit unions on its recent updates to the IRR supervisory framework.
NAFCU’s CFO Network and Compliance, Risk & BSA Network are complimentary, member-only online communities exclusively for credit union compliance professionals. Learn more about the NAFCU Networks.