Original Source Material
Senthil Kumar will become Huntington’s CRO as it transitions to a Category III bank, with higher liquidity requirements and capital buffers and more frequent stress tests.
Huntington hires BNY alum as next risk chief
Summary
- Senthil Kumar will become Huntington’s Chief Risk Officer as the bank transitions to a Category III status with increased liquidity and capital requirements.
- More frequent stress tests are expected under this new category.
Why It Matters for Texas Credit Unions
Texas credit unions may need to prepare for potential changes in regulatory requirements as they relate to risk management and compliance with Category III status.