NAFCU welcomes capital ANPR, urges pilot program

first_imgNAFCU Executive Vice President of Government Affairs and General Counsel Carrie Hunt on Monday welcomed the NCUA’s advanced notice of proposed rulemaking on alternative forms of capital and recommended that a framework be developed through a pilot program, similar to the one used for the derivatives rule.“A regulatory capital framework that authorizes supplemental capital would grant credit unions an additional option to guard against risk, achieve growth, and ensure that our industry remains a bedrock of stability for the 106 million Americans who currently look to credit unions as a vital source of affordable financial services,” Hunt wrote to the NCUA.Hunt, in a letter, said NAFCU’s approach to alternative capital emphasizes the following general principles:that the not-for-profit, mutual, member-owned structure of credit unions be preserved;that their capital structure not be fundamentally changed and that the safety and soundness of the credit union community be preserved; continue reading » 9SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Russia reports its first coronavirus death

first_imgSome doctors have questioned the veracity of Russian data, given what they say is the patchy nature of testing. But the government has said it has been totally transparent about its handling of the crisis, and that its statistics are accurate.Moscow’s coronavirus crisis center said in a statement on Thursday that the elderly woman who died had begun receiving treatment last week in a private clinic before being moved to a hospital specializing in infectious diseases.It did not say where the woman was thought to have picked up the virus, but said her circle of close acquaintances had been identified and was under medical observation.None of them were displaying any serious coronavirus symptoms, it said. Russians aged over 60 were strongly advised to minimize contacts with other people, it added. Topics : Russia on Thursday reported its first coronavirus-related death, an unnamed 79-year-old woman in Moscow with underlying health issues who died from pneumonia after testing positive for the virus.Russia, which has temporarily barred entry to foreigners and imposed an array of flight restrictions, has reported 147 coronavirus cases so far, less than many other European countries.That figure has risen sharply in recent days however, but authorities have said the situation is under control and that most infected people have entered Russia from coronavirus hot spots.last_img read more