NCUA issues final rule regarding capital planning and stress testing

Agency Rule-Making & Guidance NCUA Stress Test

On April 25, the National Credit Union Administration (NCUA) issued a final rule in the Federal Register amending its capital planning and stress testing regulations for federally insured credit unions with assets of at least $10 billion after considering comments received following a notice for proposed changes last October. (See previous InfoBytes coverage here.) Among other things, the final rule reduces regulatory burden and improves efficiency by allowing covered credit unions to conduct their own stress tests in accordance with NCUA requirements and report the results in their capital plan submissions. The final rule is effective June 1.