NCUA Board Chairman Debbie Matz said Wednesday the regulator is drafting a proposed rule that would require annual stress tests at credit unions with assets exceeding $10 billion.
Matz made the announcement in a speech at the annual NASCUS State System Summit in Coeur D'Alene, Idaho.
The NCUA Board aims to issue the proposed rule for public comment before the end of the year, Matz said.
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