Hey Guru!
Management is asking why we have to complete the FFIEC Cybersecurity Assessment Tool
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Ask the Guru: “The Cybersecurity Assessment Tool… Do we have to?”
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Guru Briefs – OCC on Cybersecurity & MRA’s, FFIEC on Cybersecurity Assessments
(NOTE: Guru Briefs are short takes on recently released regulatory activity. They are not a
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FDIC Re-issues Service Provider Guidance
Originally released in 2001, the FDIC recently re-issued 3 publications related to managing outsourced relationships:
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The OCC Sets a New Standard for Vendor Management…
…but will it become the new standard for institutions with other regulators? UPDATE – The
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“Operational Risk Increasing”
In a recent speech to the Exchequer Club1, Thomas J. Curry, the new
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Material Loss Reviews: Does responsibility = liability?
I asked in my previous post whether or not the regulators should share any of
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Dodd-Frank and agency consolidation
Although the specific requirements and burdens of the almost 250 regulations and more than 2000 pages in the Dodd-Frank Act are yet to...
FDIC can now step in regardless of primary regulator (part 2)
Further to the previous post, the memorandum requires the FDIC opinion to prevail in the
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FDIC can now step in regardless of primary regulator (part 1)
According to a memorandum of understanding just signed by all the primary federal regulators (FDIC, OTS, OCC and Fed), the FDIC now has the authority to step in whenever they feel the DIF (deposit insurance fund) is in jeopardy. Although this is primarily targeted at larger (>$10b) institutions, it also applies to smaller (<$10b) institutions as well, and applies to ANY threat to the DIF, not just under-capitalization (i.e. any safety and soundness concerns)...