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FFIEC Cancels E-Banking Handbook
On May 13, 2022, the FFIEC very quietly rescinded the FFIEC Information Technology Examination Handbook (IT Handbook) booklet entitled E-Banking. The original booklet was released in 2003 and was accompanied by a flurry of activity by financial institutions to come up with a separate E-banking policy and risk assessment. In effect, the FFIEC is now…
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Compliance Quick Bites – Tests vs. Exercises, and the Resiliency Factor
One of several changes implemented in the 2019 FFIEC BCM Examination Handbook is a subtle but important differentiation between a BCMP “test” and an “exercise”. I discussed some of the more material changes here, but we’re starting to see examiner scrutiny into not just if, but exactly what and how you’re testing. According to the…
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FFIEC Issues Stealth Update to BCP Handbook
This caught me by surprise as it was not formally announced in the “What’s New” section, but the Appendix J update to the Business Continuity Planning Handbook apparently constituted a complete update to the Handbook. Here is what the press release said in part: The Federal Financial Institutions Examination Council (FFIEC) members today issued a revised…
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FFIEC Issues Update to Business Continuity Guidance
The FFIEC just issued new BCP Guidance in the form of a 16 page addendum to the existing 2008 IT Handbook on Business Continuity Planning. It is titled “Appendix J: Strengthening the Resilience of Outsourced Technology Services”, and it has significant implications for both financial institutions and service providers, and across the entire business relationship…