Join Rob Johnson, Executive Vice President from C.Myers for a webinar on Getting Ready For The New IRR Rule - Tips for identifying weaknesses in modeling major assumptions.

The new rule goes into effect September 30, 2012. One important step in preparing for this rule or your next exam, while also enhancing your credit union’s decision information, is to evaluate and document the rationale for assumptions used in quantifying interest rate risk.

C. myers conducts hundreds of model validations and has identified common weaknesses where improvement is needed. As such, case studies of real credit unions will be used to provide examples. This webinar focuses on helping credit unions identify key weaknesses they may have in modeling of major assumptions, including:

- Assumed yield on new production

- Using inappropriate indices and spreads for NEV

- Modeling of complex investments

Ideas will also be shared on how a credit union can have a basis for determining if prepayment assumptions are reasonable. This can provide an enhanced foundation for budgeting and forecasting loan volumes as well as requirements for new production.

This webinar is open to examiners and credit unions.