The Central Bank has published the fourth edition of the Credit Union PRISM Supervisory Commentary Report. The purpose of this Report is to inform all credit unions on the nature and type of risks identified during Central Bank 2019 supervisory engagements, and related supervisory expectations in addressing such issues.
The Report provides an overview of the specific risk categories where 550 individual issues were identified in credit unions during 2019 PRISM engagements. The Central Bank’s analysis covers risks across governance, credit, operational risk, strategy/business model risk and investment, liquidity and capital risk. For details please click here.