CUNA suggests short, long-term exam improvements to NCUA

first_imgCUNA suggested several immediate improvements in the NCUA’s examination procedures in a letter sent to the agency this week. The letter was sent in response to the NCUA’s recent request for input on through its Exam Flexibility Initiative.“We encourage NCUA to tackle the supervision improvement process in two stages. First, NCUA should determine what the agency can implement immediately or no later than the 2017 examination cycle to provide immediate supervisory relief for most credit unions,” reads CUNA’s letter. “The second stage should focus on long-term solutions in the supervisory process that would require updates to systems, processes, and staffing to fully implement.”Suggested short-term goals include:Extending the examination cycle;Right-sizing examination staff; andEliminating duplicative and overlapping exam procedures with state-chartered examinations by enhancing coordination with state supervisory authorities. continue reading » 1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Titanic-Builder Harland and Wolff Files for Insolvency

first_imgIrish shipbuilder Harland and Wolff is filing for insolvency at the High Court in Belfast, after its bankrupt Norwegian owner Dolphin Drilling failed to find a buyer for the shipyard.The company informed that the insolvency request would be completed on August 6, adding that accountancy firm BDO had been appointed as administrators.The procedure will put 120 workers at risk of losing their jobs and could mean the end of the shipyard that is best known as the builder of the Titanic.Harland and Wolff opened in 1861 and employed as many as 30,000 people during World War II. It has built countless merchant and military ships. The shipyard built its last ship in 2003.General trade union GMB has organized a petition, calling for the shipyard to be nationalized in order to save local manufacturing jobs.“The future of Harland and Wolff is more than a commercial issue that the government can stand by and do nothing about,” the union said.“Nationalization will keep this yard open in order to protect this vital industry, the jobs that make it and the communities that rely on it.”last_img read more