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Loan participations RegFlex liquidity on NCUA agenda
ALEXANDRIA, Va. (12/9/11)--Loan participations, Regulatory Flexibility (RegFlex), and an advance notice of proposed rulemaking on liquidity access are among the items on the National Credit Union Administration's (NCUA) Dec. 15 agenda.

The loan participation issue has been addressed by the agency in recent months, with NCUA Chairman Debbie Matz this fall saying the agency would develop a new loan participation protection rule covering both originators and buyers to require originators to retain some of the original loan risk on their balance sheets, and require buyers to do more due diligence.

CUNA recently commented on another December agenda item, requesting that the NCUA reinstate the RegFlex program.

The final version of a proposed NCUA corporate credit union proposal will also be addressed during the meeting. The NCUA earlier this year released a series of technical amendments and clarifying changes to its corporate credit union rule, Part 704. The proposed changes amend NCUA regulations to exclude Central Liquidity Facility (CLF) stock subscriptions from the definition of net assets. The proposal also clarifies that violations of the weighted average life of a corporate's assets are not subject to capital category reclassification. The proposal would require the preparation of investment action plans for such violations. These changes were made to "relieve regulatory burden where warranted" and ease access to liquidity, the NCUA has said.

The NCUA's strategic plan for the years 2011 through 2014, the 2012 Annual Performance Budget, the 2012 Budget for NCUA Guaranteed Note Securities Management and Oversight, and National Security Delegations of Authority are also on the agenda.

The NCUA will also respond to Virginia-based Henrico FCU's request to expand its community charter during the meeting.

The closed board meeting, which typically immediately follows the open board meeting, has been rescheduled to Dec. 14.

For more on the NCUA board meeting, use the resource link.
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