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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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CFPB Examinations Are Coming – UPDATE 2
Coming soon to your financial institution: Dear Board of Directors: Pursuant to the authority of the Dodd-Frank Wall Street Reform… Read the rest of the article
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Examination Experience Survey – preliminary results
Although the survey is still open, I wanted to discuss one particular trend that I find interesting. (If you’ve already participated, thank you! Please pass the link on to a colleague at another institution. If you haven’t had a chance to fill it out, please do so. The survey will remain open until 8/19). One…
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OTS Using New IT Examination Questionnaire
I’m not sure if this is being used across the board for all OTS exams, or just regionally, but the new pre-examination form (officially called PERK, or Preliminary Examination Response Kit) is significantly more comprehensive…
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Looking back – 2010 compliance hits & misses
Every year about this time, I’m asked to look ahead to the upcoming year and prognosticate on regulatory compliance trends. I intend to do just that in a future post, but today I wanted to do something very few other prognosticators do…look back at last years’ predictions and see which ones hit and which missed…
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Thankful for…Appendix A?!
When you were a kid, you hated the “pop quiz” right? But if the teacher allowed you to use your notes and textbooks, you felt like you at least had a fighting chance. I’ve taken both proctored and “open book” certification exams, and I’ve always felt that open-book exams more accurately reflected how most of…