NCUA priorities take credit unions back to the basics

first_img 4SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Jeremy Smith As Director of Client Partnerships, Jeremy provides regulatory compliance guidance and training on current laws and regulations to credit union professionals. Before coming to PolicyWorks, Jeremy worked in regulatory compliance … Web: Details What do you do when there’s a lull in action? You get back to the basics. That’s precisely what it appears the NCUA is recommending credit unions do with the welcome break in the rollout of new regulations.Taken as a group, the NCUA’s 2020 supervisory priorities emphasize policies and procedures that have been in existence (or should have been) for many years. Now is the time, regulators seem to be suggesting, to turn our attention to the core of compliance and ensure the proper controls are in place and working.While it may sound basic, reevaluating foundational policies and procedures is really important work and a worthwhile endeavor. It’s not hard to imagine some of the more elemental controls being neglected during the chaos of past years’ active regulatory landscape. What’s more, credit unions are quickly evolving to meet the changing demands of a digital consumer. Along with that evolution has come the addition of new products, channels and experiences, each of which must adhere to established regulations. Rules can easily be overlooked in the race to transform.As your credit union charts its course for compliance this year, it will be smart to follow the NCUA’s published guidance by reassessing the basics. Here are a few simple, tactical approaches you might consider including in your 2020 core compliance revaluation plan:BSA / AML: Check in on your SAR filing policy, procedure, and importantly, training. Does your frontline team have a good understanding of when and how to file a SAR? This is elemental, but important, especially in this era of heightened threat to credit union’s cybersecurity. Any attempt to seek unauthorized access to electronic systems, services, resources or information to conduct unauthorized transactions should trigger a SAR filing.Consumer Financial Protection: New this year, the NCUA addressed six specific consumer protection regulations they expect credit unions to review thoroughly. Because examiners are making a greater effort to commend credit unions that are actively monitoring their compliance, it may make sense to invest in a tool to help document your efforts to stay on top of compliance – in the six areas NCUA called out – and beyond.Credit Risk: Examiners will place an emphasis on the review of a credit union’s loan underwriting standards and procedures. Now is a great time to review your underwriting standards to ensure they are up to snuff. You may want to make sure you are making decisions about the member’s ability to repay, and not relying too heavily on the value of collateral.Current Expected Credit Losses: There is still time, thanks to the Financial Accounting Standards Board’s extension, to implement the new CECL standard. However, examiners may want to see a written plan for that implantation. If such a document is not in existence, it may be a good idea to get together with leadership and hammer that out on paper.Cybersecurity: The NCUA has tailored its cybersecurity exam tool for smaller credit unions, which means examiners are likely ready to put it into practice. To ensure you’re ready for a cybersecurity assessment, Consider completing a self-assessment before the examiners arrive. The NCUA has provided numerous tools to help get you started.LIBOR Cessation Planning: Because the LIBOR reference rate is on its way out, credit unions that offer LIBOR-based products may be facing sizable disruption and risk over the next two years. It will be important to scope out the impact of this change. Examiners will assess how prepared you are to deal with it. After developing the scope, put together a game plan for how you will mitigate your risk as you transition to a new method of rate setting.Liquidity Risk: A series of macro trends, not the least of which is increased competition for deposits, is increasing examiner attention to a credit union’s liquidity. Get ahead of the game by performing a self-assessment prior to your exam. The NCUA examiner’s guide can prepare you for what they will be looking at when it comes time.Following several action-packed years of major changes, credit unions are free – at least for the moment – to focus their energy on the fundamentals of regulatory compliance. As you put in the time to recheck core controls, be sure to document everything you find, even the slip ups and missteps. As long as you are also documenting your plan to repair the error, you’ll be in good shape. Examiners seem to be increasingly interested in conducting assessments as part of a learning process – on both sides of the table. Things are changing rapidly in financial services, and examiners appear to appreciate learning just as much as they do teaching.last_img read more

Flying Eagles Land in Poland for U-20 World Cup

first_imgWhile in Bad Grogging, the team played four friendly games (a 3-3 draw with Freiburg U19s; a 1-2 loss to Saudi Arabia U20s; a 3-1 win over AFR Aelen and; a 1-1 draw with Red Bull Salzburg) as they seek to win the FIFA U20 World Cup for the first time.Two-time runners up at the competition, in 1989 and 2005, Nigeria took the bronze medals at the 1985 finals staged in the former Soviet Union.Team Captain Ikouwem Udoh Utin said that the camping exercise in Germany has helped the team blend very well.“Our time in Germany has really helped us to come together as a group, blend with one another as well as learn new things from our coaches,” Utin enthused.“It has been a wonderful experience here in camp. The boys now understand one another better and we have perfected our plans as we go into the tournament. We want to make Nigeria proud in Poland and we will do our best not to disappoint Nigerians. Our aim is to go all out and win the trophy for Nigeria. We also want to thank the NFF and Nigerians for their support and we will go there and represent Nigeria well.”IK Sirius of Sweden striker Henry Offia is also optimistic that the team will go far in Poland 2019 and the lessons learned in camp will go a long way to help actualise this aim.“I’m really happy and grateful to be part of this team. This is my first time with any of the national teams and I’ll do my best not to disappoint,” Offia stated, adding: “We’ve had a good time in camp, learned a lot from the coaches and hopefully we put all into practice in Poland. It will be a tough competition no doubt but we are determined to go out there and make Nigeria proud. I’m grateful for this opportunity and I’ll make best use of it.”17-year old goalkeeper Jonathan Zacalla, who is also one of the new faces in the team believes this team will give their best in Poland. Zacalla, who plays for Triestina in Italy also stressed that the camping exercise has helped develop his game which hopefully will translate to a good outing in Poland.“The camping exercise was tough but I enjoyed every bit of it. It was a good experience for me and the other players,” he revealed. “I’m hopeful of a good outing in Poland and will continue to work hard to make it happen. Our coaches have done a lot in training and I hope we can use that to good effect when the U20 competition starts.”The team was boosted by a visit to the camp on Thursday by President of Nigeria Football Federation, Mr. Amaju Melvin Pinnick, NFF General Secretary, Dr. Mohammed Sanusi and Super Eagles’ Technical Adviser, Gernot Rohr.Nigeria will start her FIFA U20 World Cup campaign on 24th May against Group D foes Qatar before other duels against USA and Ukraine. Nigeria’s Under-20 boys, Flying Eagles have landed in Poland for this year’s FIFA U20 World Cup after rounding off a three-week residential training at Bad Gogging on the outskirts of Munich, Germany on Saturday.The team flew out Germany via Munich on yesterday morning for the final leg of preparation for the 2019 FIFA Under-20 World Cup that starts on 23rdMay. Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramcenter_img Rohr in Flying Eagles Camplast_img read more

Serena Williams vs. Barbora Strycova results: Williams advances to 2019 Wimbledon final for shot at 24th Grand Slam

first_imgThe quest for 24 continues.Serena Williams made quick work of Barbora Strycova, defeating the Czech in straight sets (6-1, 6-2) to advance to the Wimbledon Final where she will meet Simona Halep on Saturday morning. The match lasted just 59 minutes. 10:10 a.m.: Strycova bounces back to tie the set at 1-1. Williams just missed wide and long to hand Strycova the hold.9:58 a.m.: Serena elects to serve and wins the first game.Who will join Simona Halep in the #Wimbledon final?It’s @serenawilliams vs @BaraStrycova…Live scores 👉— Wimbledon (@Wimbledon) July 11, 2019The match is scheduled for around 10 a.m. ET. Live updates will begin at that time. With Williams serving to take the first set, Strycova managed two break points before the seven-time Wimbledon champion blasted an ace pact Strycova to take Set 1 in just 27 minutes.MORE: Wimbledon 2019: Scores, schedule and TV channels for every matchSet 2 was more of the same as Strycova was visibly in pain and even let a pair of screams out on Centre Court. Williams broke the Czech in the fifth game before closing out the match.Saturday’s final will be Williams’ 11th appearance in Wimbledon singles championship, the second-most all-time behind only ‎Martina Navratilova’s 12. Williams will be the oldest women’s finalist in the Open Era.A win on Saturday would tie Williams with Margaret Court for the most career Grand Slam singles titles of 24. Since returning in 2018 from giving birth to her first child, Williams had advanced to three of the six Grand Slam finals that she has appeared in. Halep has never played in a Wimbledon final.Sporting News tracked live scoring updates and highlights from the 2019 Wimbledon women’s singles semifinals. Follow along below.Serena Williams vs. Barbora Strycova score, resultsBelow are live scores and results from the 2019 Wimbledon semifinals.WimbledonSemi-finalThursday 11 JulyEndElina Svitolina (8)13-Simona Halep (7)66-EndSerena Williams (11)66-Barbora Strycova12-All start times are estimatesClick here or refresh the page if you don’t see a live scoreboard.Match updates, highlights from 2019 Wimbledon women’s semifinalsFinal: Williams def. Strycova 6-1, 6-2Set 2: Williams 6, Strycova 211:01 a.m.: Well that was easy. Williams wins the set 6-2 and advances to her 11th Wimbledon singles finalSerena is Finals bound at #WimbledonShe has reached at least one major final in 12 consecutive years, the second-longest streak of its kind by a woman in the Open Era.— ESPN (@espn) July 11, 201910:56 a.m.: Strycova lets out a piercing scream as Williams wins the game to go ahead 5-2. Williams now serces for a spot in the final opposite Halep.10:52 a.m.: Quickest game yet for Williams. Williams wins 45-0, and Strycova appears to be in some pain.10:47 a.m.: There’s the break Williams needed. After Williams won the fourth game of the set, Strycova was in position to take the fifth game, before a double fault at 30-30 and an easy unforced error at the net for game point gave Serena the lead. Williams leads 3-2.10:40 a.m.: Strycova holds serve and leads 2-1 in Set 2.. Williams has dominated Strycova’s second serve, but nonetheless Strycova wins the game and shouts, “Come on!” 10:38 a.m.: Williams jumped out to an early 40-0 lead before Strycova earned a point down the line. Williams blasted her fourth ace by Strycova to win the game.10:33 a.m.: After losing five consecutive games, Strycova bounces back to take an early 1-0 lead in Set 2.Set 1: Williams 6, Strycova 110:28 a.m.: Wow. Williams was down 40 to love before rattling off five straight points to take the first set.An 11th #Wimbledon singles final is on the horizon…@serenawilliams wins the first set 6-1 vs Strycova— Wimbledon (@Wimbledon) July 11, 201910:22 a.m.: Williams starts the game with an ace and cruises to an easy point. 4-1 Williams.10:18 a.m.: Williams breaks Strycova! The pair was level at 15-15 and then 30-30 before Williams put a final shot by Strycova.last_img read more

Archaeological society tries to stem continuing controversy over MeToo scandal

first_img The Society for American Archaeology (SAA) continues to battle fallout for the way it handled a #MeToo scandal at its annual meeting last week. The organization faced a firestorm of criticism on social media for not immediately ejecting an alleged harasser from the meeting after being informed about his presence and a university investigation that found accusations against him credible. Today, as archaeologists continued to vent at their own society, it published an open letter and video from President Joe Watkins personally apologizing for not taking action and laying out actions SAA will take, including updating its sexual harassment policy and providing training to staff on its “effective and compassionate implementation.”“Finally, the start of a sincere response from the SAA,” tweeted Stephanie Halmhofer, a cultural resources management archaeologist with In Situ Archaeological Consulting in Roberts Creek, Canada. But it remains to be seen whether the latest apology will be enough to staunch the flow of archaeologists pledging to leave SAA. Meanwhile, other societies have announced plans to revamp their harassment policies to handle similar situations.Two days ago, SAA apologized for “the impact, stress, and fear the situation caused to victims of sexual harassment within our field,” as well as for its own delay in issuing an apology. But on 17 April, it published a controversial timeline of events that sparked another social media row. Sign up for our daily newsletter Get more great content like this delivered right to you! Country Email Archaeological society tries to stem continuing controversy over #MeToo scandal Click to view the privacy policy. Required fields are indicated by an asterisk (*) Country * Afghanistan Aland Islands Albania Algeria Andorra Angola Anguilla Antarctica Antigua and Barbuda Argentina Armenia Aruba Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia, Plurinational State of Bonaire, Sint Eustatius and Saba Bosnia and Herzegovina Botswana Bouvet Island Brazil British Indian Ocean Territory Brunei Darussalam Bulgaria Burkina Faso Burundi Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Chad Chile China Christmas Island Cocos (Keeling) Islands Colombia Comoros Congo Congo, the Democratic Republic of the Cook Islands Costa Rica Cote d’Ivoire Croatia Cuba Curaçao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Falkland Islands (Malvinas) Faroe Islands Fiji Finland France French Guiana French Polynesia French Southern Territories Gabon Gambia Georgia Germany Ghana Gibraltar Greece Greenland Grenada Guadeloupe Guatemala Guernsey Guinea Guinea-Bissau Guyana Haiti Heard Island and McDonald Islands Holy See (Vatican City State) Honduras Hungary Iceland India Indonesia Iran, Islamic Republic of Iraq Ireland Isle of Man Israel Italy Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Korea, Democratic People’s Republic of Korea, Republic of Kuwait Kyrgyzstan Lao People’s Democratic Republic Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macedonia, the former Yugoslav Republic of Madagascar Malawi Malaysia Maldives Mali Malta Martinique Mauritania Mauritius Mayotte Mexico Moldova, Republic of Monaco Mongolia Montenegro Montserrat Morocco Mozambique Myanmar Namibia Nauru Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue Norfolk Island Norway Oman Pakistan Palestine Panama Papua New Guinea Paraguay Peru Philippines Pitcairn Poland Portugal Qatar Reunion Romania Russian Federation Rwanda Saint Barthélemy Saint Helena, Ascension and Tristan da Cunha Saint Kitts and Nevis Saint Lucia Saint Martin (French part) Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa San Marino Sao Tome and Principe Saudi Arabia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten (Dutch part) Slovakia Slovenia Solomon Islands Somalia South Africa South Georgia and the South Sandwich Islands South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Swaziland Sweden Switzerland Syrian Arab Republic Taiwan Tajikistan Tanzania, United Republic of Thailand Timor-Leste Togo Tokelau Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Tuvalu Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Venezuela, Bolivarian Republic of Vietnam Virgin Islands, British Wallis and Futuna Western Sahara Yemen Zambia Zimbabwe DARIA KIRPACH/@SALZMANART By Lizzie WadeApr. 18, 2019 , 4:45 PM The trouble began when David Yesner, an archaeologist who retired from the University of Alaska in Anchorage (UAA) in 2017 showed up in Albuquerque, New Mexico, for SAA’s annual meeting, which ran from 10–14 April. Yesner had been banned from UAA’s campus and events 2 days before the meeting began, after a Title IX investigation found nine women’s accusations of sexual harassment and assault to be credible. Three claimants in the investigation were also at the SAA meeting and reported Yesner’s presence to the organization. But during the meeting, SAA did not reveal to them or others whether it had ejected Yesner.Yesner did not respond to Science’s requests for comment and has not publicly commented on the accusations.On 16 April, SAA said it would be adding an on-site counselor to future meetings and instituting board and staff training on sexual harassment, as well as a “member-led, independent committee to address member concerns,” all steps that Watkins highlighted again in today’s open letter and video. But Tuesday’s statement wasn’t enough to calm the growing outrage. “An apology without more concrete steps and/or changes is not enough,” tweeted Sara Gonzalez, an archaeologist at the University of Washington in Seattle. “Your apology should be directed at the brave women who reported … abuse and assaults.”Then, on 17 April, SAA clarified that it had in fact ejected Yesner from the meeting on the afternoon of Friday, 12 April, hours after two official complaints were filed. (One was filed by Norma Johnson, a graduate student in archaeology at UAA and a claimant in the Title IX investigation.) “At no time before Friday, April 12, 2019 did SAA receive any information regarding Mr. Yesner which would have precluded his attendance at the meeting,” SAA said in its statement.But many archaeologists say that ignores actions taken by freelance journalist (and former Science correspondent) Michael Balter, who says he notified SAA staff about Yesner’s presence and the results of the Title IX investigation on Thursday morning. Balter escorted Yesner out of the meeting that afternoon, but Yesner apparently returned. Balter reported being banned from the SAA meeting on Friday morning.Multiple lawyers and consultants specializing in sexual harassment have confirmed to Science that SAA could have removed Yesner from the meeting before official reports were filed, as the meeting was a private event.Today, Watkins attempted to repair the damage with his open letter. “I want to apologize for the events that happened last week in Albuquerque under my watch,” he wrote. “I failed to take the kind of action we should have taken to address the distress of the attendees at our meeting. I allowed myself to be convinced that our harassment policy was more important than the feelings of our members.”Early reaction was positive. “The president’s statement echoes many of the frustrations that we have felt in the past week. I was impressed” with how he took responsibility for placing policy over members’ experiences, says Kristina Killgrove, a bioarchaeologist at the University of North Carolina in Chapel Hill, who resigned as chair of SAA’s media relations committee because of the scandal. But she would like more clarity on how the SAA board will work with organization’s staff to make sure these changes are made, as well as precisely how SAA plans to improve its communications with membership and the public. “SAA membership both at and away from this year’s conference were shocked that their voices on Twitter and Facebook were insufficient to catch the board’s attention in real time. I hope that the SAA’s plan to revamp its communication processes includes more than lip service to the power of social media,” she says.Meanwhile, other societies are taking a lesson from the firestorm. On 16 April, the American Anthropological Association (AAA) in Arlington, Virginia, offered a clear solution to situations like this, in an updated policy on sexual harassment and assault. “Individuals who are currently sanctioned for assault or harassment by an adjudicating institution (e.g., a university) will be barred from taking part in AAA events,” the policy reads. “Appeals may be requested in the case of advance registration; on-site registration for such individuals will not be permitted.”AAA Executive Director Edward Liebow told Science the organization had already been working on enacting “an enhanced policy” for its upcoming annual meeting but that the SAA incident “certainly hastened along our procedural discussion.”The American Association of Physical Anthropologists (AAPA) in Herndon, Virginia, is also considering updating its policies in response. “As events at the SAA [meeting] unfolded, we began taking notes,” says AAPA President Anne Grauer. “We will be discussing these issues in detail at a Board of Directors meeting shortly.”Others have urged the American Association of Geographers (AAG) in Washington, D.C., to revoke the membership of faculty who are found to violate Title IX guidelines or who resign because of harassment accusations, as well as ban them from future AAG events.In Yesner’s case, the Alaska Anthropological Association in Anchorage appears to have been the first to act, banning him from its meetings and events on 12 April—4 days after UAA barred him from campus and while the SAA meeting was still going on.last_img read more