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Federal Reserve Adds to Agency Guidance on Third Party Relationships

On Dec. 5, 2013, the Federal Reserve joined the list of regulatory agencies that have issued guidance on third party relationships. The Fed guidance supplements the FFIEC Outsourcing Technology Services Booklet (June 2004)...more

FFIEC Releases Statement on Cloud Computing Risks and Considerations

The Federal Financial Institution Examination Council (FFIEC), an interagency body that advises a number of federal agencies on appropriate standards for the regulation of financial institutions, recently released a statement...more

FFIEC Statement on Outsourced Cloud Computing

On July 10, 2012, the Federal Financial Institutions Examination Council (FFIEC) issued a statement (the "FFIEC Statement") cautioning financial institutions to undertake thorough due diligence and risk assessment for...more

FFIEC Issues Statement on “Cloud Computing” Risk Management

The Technology Subcommittee of the Federal Financial Institution Examination Council (“FFIEC”) — the interagency body responsible for prescribing uniform principles and standards for federal financial institution examinations...more

FFIEC Issues Statement on Cloud Computing Vendors

On July 10, the federal banking regulators, through the Federal Financial Institutions Examination Council (FFIEC), published a statement on outsourcing of cloud computing services by financial institutions. The statement...more

Federal Financial Agencies Issue Cautionary Statement on Financial Institution Cloud Computing Services

On July 11, 2012, the federal financial regulatory agencies (“Agencies”), through the Federal Financial Institutions Examination Council (“FFIEC”), issued a joint interagency statement (“Statement”) on the use by financial...more

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