It could take a few years to implement changes that would allow the NCUA to add an S category to the agency's CAMEL rating system to monitor interest rate risk, agency staff told the board Thursday.
Nonetheless, J. Owen Cole, the agency's director of the division of capital and credit markets, said the change would allow for increased clarity and accuracy in monitoring interest rate risk.
He warned, however, that in considering such a change, the agency must take into account other changes it plans to make to the examination process.
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