WASHINGTON — The financial services industry is a risk-taking industry, NCUA Deputy Director of the Office of Examination and Insurance Tim Segerson told CU Enterprise Risk Management trainees during a lunch speaking slot Oct. 1 at the Capital Hilton. Credit unions that don’t take risk earn less income, which makes them a risk to the share insurance fund, he said.

To effectively regulate risk, Segerson said the NCUA has instructed its examiners in its Examination Guide to step back from examination details and key ratios and think about the big picture. Examiners are also supposed to assess management’s ability to correctly identify and manage risks.

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