A Detailed Look Inside NCUA’s New Interest Rate Risk Rule

Live Webcast: Thursday, May 24, 2012 • 2:00 p.m. - 3:30 p.m. EDT

Early Bird Deadline:  May 17, 2012

On-Demand webcast expiration date:  May 24, 2013  

Open to all credit unions, regardless of membership or charter type!

NCUA’s new interest rate risk rule is effective September 30, 2012 and will impact over 45% of all federally insured credit unions!
The rule states, “certain credit unions must create a written policy to address IRR management, as well as an effective IRR program for successful asset liability management”.

Those impacted by the rule include all federally insured credit unions over $50 million in assets and those with less than $10 million in assets are exempt. Credit unions between  $10 and $50 million in assets are only subject to the requirements if their  first mortgage loans plus investments with maturities over five years equal or exceed 100% of its net worth.

This webcast will be more than the average compliance checklist. You will get an in-depth look at the new rule and learn how to develop your credit union’s interest rate risk policy and program.

During this webcast, you will learn:

• What the rule requires your credit union to do;
• How the guidance of the rule will help you  and your credit union;  
• What steps NCUA will take to implement the rule;
• How to utilize Appendix B and implement a real-life management program
• How to achieve a written policy and program objectives in order to fulfill the requirement of the rule and enhance the effectiveness of your own interest rate risk management program

This webcast will include a question and answer session where you can NCUA officials your questions directly!   

Industry Leading Speakers:  

Mark D. Vaughan
Deputy Director, Office of Examination & Insurance, NCUA
In March 2010, Dr. Vaughan joined the Division of Capital Markets (DCM) at the NCUA – the independent agency responsible for chartering/supervising federal credit unions and insuring federal and most state-chartered credit unions. At the NCUA, DCM supports market/liquidity-risk supervision through on-site consultation with examiners and development/delivery of supporting training for examiners/capital-markets specialists; administers the Central Liquidity Facility (a short-term funding source for credit unions similar to the Federal Reserve Discount Window); and helps formulate agency policy on capital-markets issues. Vaughan joined DCM as Director; he now serves as Acting Deputy Director of the Office of Examination & Insurance. 

Jeremy F. Taylor
Senior Capital Markets Specialist, Office of Examination & Insurance, NCUA
Jeremy Taylor has been with NCUA since August 1999.  Taylor specializes in the areas of balance sheet management, including interest rate and liquidity risk, and in the areas of investments and derivatives, including credit risk management. He provides technical and analytical assistance, as needed, in the numerous project initiatives that NCUA has under way. These include policy development, advice and field support on the examination process, and consultation on continuing regulatory issues. Taylor provides training for NCUA field staff in all of these areas. He is also the author of four books and over thirty articles on finance. 

Gary Artz
Senior Capital Markets Specialist , NCUA

Who should attend:

• CEOs
• C-level staff
• Compliance staff
• Any managers in the credit union that deals specifically with interest rate risk policies and programs. 

NAFCU's webcasts include live streaming video and audio of the presenters along with presentation slides and downloadable handouts.  You can easily submit your questions to the presenters at any time and there is no dialing in over the phone!  The audio and video stream directly through your computer.

Registration Fees

On-Demand webcasts are available for up to 12 months after the live broadcast and are included in the registration fee.

Broadcast live from NAFCU's Headquarters in Arlington, VA.