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Prompt Corrective Action; Amended Definition of Low-Risk Assets

NCUA · final-rule · Published 2011-03-23 · Effective 2011-03-23 · 76 FR 16234

Document

Document number
2011-6754
Federal Register citation
76 FR 16234
CFR reference
12 CFR 702
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US National Credit Union Administration
Publication date
2011-03-23
Effective date
2011-03-23

Abstract

In 2010, NCUA issued an Interim Final Rule expanding the definition of "low-risk assets" to include debt instruments on which the payment of principal and interest is unconditionally guaranteed by NCUA. Assets in this category receive a risk-weighting of zero for regulatory capital purposes to reflect the absence of credit risk. Having considered the public comments addressing the Interim Final Rule, NCUA is issuing this Final Rule permanently adopting the expanded definition of "low risk assets" without alteration.

Source

Authoritative
Federal Register document
Machine
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