United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office General Government Division author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 1995-03-08 monographic deposited born digital GA 1.13:T-GGD-95-115 https://www.govinfo.gov/app/details/GAOREPORTS-T-GGD-95-115 P0b002ee180379da6 f:tgg95115 DGPO 2010-08-12 2011-03-23 GAOREPORTS-T-GGD-95-115 machine generated eng fdlp REPORT GAOREPORTS-T-GGD-95-115 T-GGD-95-115 Credit unions Banking regulation Risk management Investments Capital Losses Financial management Financial institutions Corporations Testimony GGD GAO discussed proposed regulations for corporate credit unions. GAO noted that these revised regulations: (1) must go through a number of steps before they become final; (2) will have the desired impact only if the National Credit Union Administration vigorously enforces them; (3) narrow the financial risks that corporate credit unions can undertake; (4) require corporate credit unions to build a stronger capital base; (5) include more stringent requirements for stress testing and accounting for risky investments; (6) require that corporate credit unions sell investments when unrealized investment losses exceed one-half of primary capital; (7) require large corporate credit unions to establish an internal audit function and emphasize that board members oversee corporate management; and (8) may result in refocusing the mission of corporate credit unions. https://www.govinfo.gov/content/pkg/GAOREPORTS-T-GGD-95-115/html/GAOREPORTS-T-GGD-95-115.htm GAO/T-GGD-95-115 https://www.govinfo.gov/app/details/GAOREPORTS-T-GGD-95-115 Testimony GAO/T-GGD-95-115; Credit Unions: Proposed Reforms for Corporate Credit Union Regulation; Credit unions Banking regulation Risk management Investments Capital Losses Financial management Financial institutions Corporations