Source: https://complianceguru.com/tag/fdic/page/4/
Timestamp: 2019-09-20 16:14:02
Document Index: 175086054

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FDIC – Page 4 – Compliance Guru • FFIEC Guidance
FDIC issues guidance on copy machine hard drives
The FDIC issued FIL-56-2010 today, addressing risk posed by sensitive information stored on certain electronic devices (copy machines, fax machines and printers) that utilize internal storage, and how institutions should mitigate that risk. This guidance only covers those devices that have internal storage, such as a hard drive or flash memory, but according to some […]
Last time in Part 3 we discussed (at some length) the FDIC IT Exam question “Are project management techniques and system development life cycle processes used to guide efforts at acquiring and implementing technology (Y/N)?”. This time, we address a question from the Part 3 – Audit/Independent Review Program section titled: “Are the results of […]
The 5 trickiest FDIC IT examination questions (part 3).
Last time in Part 2 we tackled “Does the bank’s strategic planning process incorporate information security (Y/N)?” from the FDIC IT Examination…
The 5 trickiest FDIC IT examination questions (part 2).
Last time we addressed a question from the FDIC IT Examination Questionnaire, found in PART 2, OPERATIONS SECURITY AND RISK MANAGEMENT…
The 5 trickiest FDIC IT examination questions (part 1).
…and how to answer them. Actually, answering them is the easy part, they all require a “Y”. Documenting the basis for your answer is a bit harder. Because each question really requires it’s own discussion, I will address each one in separate posts. Also, the questionnaire I will be referring to is the newer 12/07 […]
State regulators adopting FDIC pre-exam questionnaire… (Update)
…at least in Georgia. The most recent Georgia State IT examinations are using a carbon copy of the FDIC 12/07 pre-examination IT questionnaire. If your primary federal regulator is the FDIC, this makes filling out the State questionnaire much easier. If not however, you’ll want to familiarize yourself with the format. There are 5 parts […]
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 event that an institutions’ PFR (primary federal regulator) CAMELS rating differs from the FDIC: If the FDIC’s CAMELS ratings for an institution differ from a PFR’s assigned ratings, the FDIC is required to provide the PFR with an explanation of […]
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)…
DR/BCP Scrutiny – UPDATED
Auditors (and some FDIC examiners) are scrutinizing disaster recovery plans more closely, specifically looking to verify that the plan structure adheres to FFIEC guidance. We’ve definitely seen this…