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Prompt Corrective Action; Amended Definition of Low-Risk Assets

NCUA · final-rule · Published 2010-10-28 · Effective 2010-10-28 · 75 FR 66298

Document

Document number
2010-27150
Federal Register citation
75 FR 66298
CFR reference
12 CFR 702
Type
Rule
Action
Interim final rule with request for comments.
Category
final-rule
Agency
US National Credit Union Administration
Publication date
2010-10-28
Effective date
2010-10-28

Abstract

NCUA is issuing this Interim Final Rule to amend the definition of "low-risk assets" for regulatory capital purposes. Assets in this category receive a risk-weighting of zero, reflecting the absence of credit risk. The amendment will expand the definition of "low-risk assets" to include debt instruments on which the payment of principal and interest is unconditionally guaranteed by NCUA as an agency of the Executive Branch of the United States.

Source

Authoritative
Federal Register document
Machine
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