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NCUA | RIN: 3133-AF29 | Publication ID: Spring 2021 |
Title: ●Derivatives | |
Abstract:
The NCUA Board issued a proposed rule that is intended to modernize the NCUA’s Derivatives rule and make it more principles-based. This proposal retains key safety and soundness components, while providing more flexibility for federal credit unions (FCUs) to manage their interest rate risk (IRR) through the use of Derivatives. The changes included in this proposal would streamline the regulation and expand credit unions' authority to purchase and use Derivatives for the purpose of managing IRR. This proposal also reorganized rule content related to loan pipeline management into one section, which will aid in readability and clarity. The Board is reviewing the comments. |
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Agency: National Credit Union Administration(NCUA) | Priority: Substantive, Nonsignificant |
RIN Status: First time published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: No | Unfunded Mandates: No |
CFR Citation: 12 CFR 701 12 CFR 703 12 CFR 741 12 CFR 746 | |
Legal Authority: 12 U.S.C. 1757(7) 12 U.S.C. 1757(8) 12 U.S.C. 1757(15) |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Information URL: https://www.ncua.gov/regulation-supervision/rules-regulations/proposed-pending-recently-final-regulations/recent-final-interim-final | |
RIN Data Printed in the FR: No | |
Agency Contact: Justin Michael Anderson Senior Staff Attorney National Credit Union Administration 1775 Duke Street, Alexandria, VA 22314 Phone:703 518-6556 Fax:703 518-6569 Email: janderson@ncua.gov |