Most institutions should prepare for a much more thorough examination
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FDIC Updates IT Examination Procedures

Starting immediately, all FDIC-examined institutions will be subjected to new IT examination procedures, the first major overhaul since December 2007.  The new format is dubbed the InTREx program (Information Technology Risk Examination), and is designed to be a bit simpler in the pre-examination phase.  In fact, the InTREx has only 26 questions vs. 59 for the 12/07 […]

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FFIEC Updates Technology Service Provider Guidance

Just posted, the new Booklet rescinds and replaces the previous one issued in March 2003, and is the first Booklet replacement since Retail Payment Systems in 2010.  In general this is not so much a complete re-write as a reinforcement of the importance the agency places on strong vendor management, which is a concept that […]