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Interest Rate Risk and Cybersecurity Update for Federally Insured Credit Unions - October 2014

This regulatory update by Robert Browning discusses key developments in interest rate risk, including Fed forecasts for rate hikes starting in 2015, long-term asset composition, and unrealized losses. It also highlights the growing importance of cybersecurity in financial services, addressing recent breaches and DDoS attacks, alongside the efforts of the FFIEC Working Group to enhance guidance and training. Additionally, it reviews the proposed Risk-Based Capital changes aimed at strengthening capital buffers while calming concerns regarding capital requirements and implementation timelines.

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Interest Rate Risk and Cybersecurity Update for Federally Insured Credit Unions - October 2014

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  1. Robert Browning, Supervision Analyst Division of Supervision / Region IV Regulatory Update October 6, 2014

  2. Interest Rate Risk Regulatory Update

  3. Fed Forecasts Rate Hikes to Begin in 2015 Regulatory Update

  4. Long Term Assets Composition Regulatory Update

  5. Investments by Maturity Regulatory Update

  6. Unrealized Losses Regulatory Update

  7. Distribution of Net Long-Term Asset (NLTA) RatiosFederally Insured Credit Unions (FICUs) over $250 MillionMarch 2014 Regulatory Update

  8. IRR Resources http://www.ncua.gov/Resources/Pages/interest-rate-risk-resources.aspx Regulatory Update

  9. Cybersecurity Regulatory Update

  10. Cybersecurity • Growing Range of Services & Platforms • Breaches • Cyber attacks on ATMs 4. DDoS attacks 5. Joint FBI / Secret Service Alerts Regulatory Update

  11. Cybersecurity • FFIEC Working Group • Goal is to enhance: • Guidance, • Training, and • Examinations Regulatory Update

  12. Cybersecurity http://www.ncua.gov/Resources/Pages/cyber-security-resources.aspx Regulatory Update

  13. Risk Based Capital Regulatory Update

  14. Risk Based Capital Regulatory Update

  15. Risk-Based Proposal Strengthens Capital Buffers Regulatory Update

  16. Addressing RBC Concerns • All risk weights will be reviewed, and some should be lowered. • Credit unions will not be required to raise $7 billion. • Examiners will not be authorized to raise any individual credit union’s capital requirement. • The implementation period will be extended beyond 18 months. Regulatory Update

  17. Other Regulatory Highlights 1) CUSO Rule (Effective June 30, 2014) • Proposed Fixed Asset Rule • Liquidity Rule • Examination Process Regulatory Update

  18. Office Contact Page Feel free to contact our office with questions or comments. Robert Browning, Supervision Analyst, Division of Supervision browning@ncua.gov (703) 609-5997 Regulatory Update

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