Author Archive for: ‘ndarvill’

  • Best practices for using loan covenants to manage risk

    Nick Darvill

    MBS often receives examiner feedback, which we use to improve our member services. Lately, and considering the recent change in regulation from the prescriptive requirements to the current broad principals-based regulatory approach, MBS has noticed an uptick in examiner pressure related specifically to loan covenants. Of course, this is not unexpected since the NCUA has made clear they will focus on the effectiveness of a credit union’s risk-management processes.

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