Category: Resources

  • 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.

  • Outsourcing – Rewards and Risks

    There are twelve booklets in the FFIEC IT Examination Handbook series, and ten of them make reference to the importance of managing third-party relationships. Today, the vast majority of financial institutions outsource at least one business function, and almost 50% of institutions outsource at least one critical business function. Among community financial institutions, the percentages […]