News & Analysis as of

Federal Financial Institutions Examination Council Outsourcing

Goodwin

FDIC Seeks Comment on Supervisory Approach to Examinations During Pandemic

Goodwin on

In This Issue. The Federal Deposit Insurance Corporation (FDIC) is seeking information and comment regarding the FDIC’s supervisory approach to examinations during the pandemic; the FDIC’s tech lab, FIDTECH, announced a “tech...more

Davis Wright Tremaine LLP

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

Davis Wright Tremaine LLP

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

Morrison & Foerster LLP

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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