Category: Resources

  • Third-Party Risk Management Final Guidance – An In-depth Analysis 

    Third-Party Risk Management Final Guidance – An In-depth Analysis 

    Background  In July of 2021, the three primary bank regulators (OCC, FDIC, and Federal Reserve) proposed new guidance on third-party risk management (TPRM).  According to the agencies, “The proposed guidance provides a framework based on sound risk management principles that banking organizations may use to address the risks associated with third-party relationships.”  In June of…

  • SOC Report Selection & Evaluation Aids

    With the SAS 70 phasing out on 6/15, financial institutions have a dual challenge; determining the best report to request, and evaluating the report they are provided.  To assist with this challenge, I’ve created two documents. The first, or Step 1, is a SOC Selection Flowchart, which is available here.  This will assist in determining…

  • CAMELS ratings and regulatory reform

    The ability of management to respond to changing circumstances, and to address the risks that may arise from changing business conditions, has become an area of increased examiner scrutiny in the wake of recent large financial institution failures.  Accordingly, the “Management” component is given special consideration when assigning a CAMELS composite rating.  What are the…

  • About the FFIEC

    The Council is a formal inter-agency body empowered to prescribe uniform principles, standards, and report forms for the federal examination of financial institutions by the Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), the Office of the Comptroller of the Currency (OCC),…

  • FFIEC Tier I and II Examination Procedures

    A complete listing of ALL FFIEC Tier I and Tier II examination procedures in one place, courtesy of the BITS Shared Assessments project. Very handy!

  • New Guidance and New Challenges in Remote Payment Systems

    This whitepaper talks about the recent FFIEC guidance on Retail Payment Systems.