Federal Financial Institutions Examination Council’s (FFIEC)

The Federal Financial Institutions Examination Council (FFIEC) is a formal U.S. government interagency body composed of five banking regulators that is “empowered to prescribe uniform principles, standards, and report forms to promote uniformity in the supervision of financial institutions”.[1] It also oversees real estate appraisal in the United States.[2]Its regulations are contained in title 12 of the Code of Federal Regulations.

Comptroller of the Currency and FFIEC Chair Thomas J. Curry stated on May 8, 2014, that “helping to make banks less vulnerable and more resilient to cyber-attacks” has been one of his top priorities. In June 2014 FFIEC launched a new webpage on cybersecurity and announced that it was initiating a pilot for 500 member institutions that will focus on how these institutions manage cybersecurity and how prepared they are to mitigate cyber risks.

On June 30, 2015 the FFIEC released the FFIEC Cybersecurity Assessment Tool to enable regulated financial institutions to assess their cybersecurity readiness. This tool may be used as a self-assessment. Regulators may also review the completed assessment during their examination.

Enforcement Actions and Orders:

Enforcement actions and orders against institutions or their affiliated parties can be found at the website of the institution’s regulator:

Board of Governors of the Federal Reserve System (FRB)

State member banks, Bank holding companies, Nonbank subsidiaries of bank holding companies, Savings and loan holding companies,Edge and agreement corporations , Branches and agencies of foreign banking organizations operating in the United States and their parent banks, Officers, directors, employees, and certain other categories of individuals associated with the above banks, companies, and organizations (referred to as “institution-affiliated parties”) 

Federal Deposit Insurance Corporation (FDIC)

Insured State chartered banks that are not members of the Federal Reserve System (State nonmember banks), Insured branches of foreign banks,Officers, directors, employees, controlling shareholders, agents, and certain other categories of individuals (institution-affiliated parties) associated with such institutions

National Credit Union Administration (NCUA)

Credit unions

Office of the Comptroller of the Currency (OCC)

National banks and their subsidiaries, Federally chartered savings associations and their subsidiaries , Federal Branches and agencies of foreign banks, Institution-affiliated parties (IAPs), including (a) Officers, directors, and employees, and (b) A bank’s controlling stockholders, agents, and certain other individuals