Tag: risk management

  • Top 5 Compliance Trends for 2011 – Part 4

    According to the FFIEC IT Examination Management Handbook, many institutions choose to delegate responsibility for monitoring IT activities to an IT Steering Committee.  I also addressed this here.  One of the most important roles of the IT Steering Committee is to ensure that the IT strategy is aligned with the overall business strategy.  And the…

  • New FDIC Survey Results and Third-Party Providers

    The new FDIC Supervisory Insights Winter 2010 newsletter addresses several issues of interest to bankers, including Trust Preferred Securities, Managing Agricultural Credit, and Senior Life Settlements.  But there was also a section that analyzed the results of a survey that was conducted by FDIC examiners over the past year.   The more than 2,100 responses…

  • 5 Key Elements of Risk Management

    As a financial institution, it sometimes seems that everything you do requires a risk assessment.  Information security, disaster recovery, ID theft, remote deposit capture, outsourcing, in fact the term “risk assessment” appears 215 times in the FFIEC IT Examination Handbooks.  But a risk assessment is only one step of a five step risk management process…and…