Tag: FDIC

  • Cybersecurity – Part 1

    Cybersecurity has gotten a lot of attention from regulators lately, and with assessments already underway it promises to be a regulatory focus for the foreseeable future.  But exactly what are they expecting from you, and how does that differ from what you may be doing already?  More importantly, how should you demonstrate that you are…

  • FDIC Re-issues Service Provider Guidance

    Originally released in 2001, the FDIC recently re-issued 3 publications related to managing outsourced relationships: Effective Practices for Selecting a Service Provider Tools to Manage Technology Providers’ Performance Risk: Service Level Agreements Techniques for Managing Multiple Service Providers What struck me about this re-release, and the fact that they were released without modification of any…

  • A Look Back at 2013…and a Look Ahead – Part 1 (charts edition)

    One thing that’s clear from the examination feedback I’ve received from financial institutions in 2013 is that examiners are spending less time in their safety & soundness examinations on the CAMELS “C”, “A”, & “L” (capital, asset quality and liquidity) issues, and more time on the “M” & “E” (management and earnings) issues.  (There was…

  • Ask the Guru: Vendor vs. Service Provider

    Hey GuruI recently had an FDIC examiner tell me that we needed to make a better distinction between a vendor and a service provider.  His point seemed to be that by lumping them together in our vendor management program we were “over-analyzing” them.  He suggested that we should be focused instead only on those few…

  • Examination Downgrades Correlated with Poor Vendor Management

    According to Donald Saxinger (senior examination specialist in FDIC’s Technology Supervision Branch) in a telephone briefing given to the ABA in Read the rest of the article

  • FDIC Files Record Number of Lawsuits in 2012 – 2015 UPDATE

    UPDATE 2: We in fact did see a significant decrease in O&D lawsuits in the past few years:   [pullquote]“The FDIC will not bring civil suits against directors and officers who fulfill their responsibilities, including the duties of loyalty and care, and who make reasonable business judgments on a fully informed basis and after proper…