FFIEC

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FFIEC

(Federal Financial Institutions Examination Council) A U.S. government interagency body established in 1979 that prescribes uniform principles, standards and report forms for the federal examination of financial institutions. In 2013, the FFIEC created the Cybersecurity and Critical Infrastructure Working Group to strengthen cybersecurity efforts among its agencies.
References in periodicals archive ?
* To reinforce the importance of audit excellence, the AICPA made comments that were reflected in the Federal Financial Institutions Examination Council's Final Advisory on the use of limitation of liability provisions in external audit engagement letters.
It is the largest such organization in the world, and it is examined by the Federal Financial Institutions Examination Council (FFIEC).
The Federal Financial Institutions Examination Council (FFIEC) to review and enhance training for financial institution examiners, the examination procedures, and the procedures used to refer potential human trafficking cases to law enforcement agencies;
Brahm spoke about lessons learned and what SCA discovered in helping credit unions work with the Cybersecurity Assessment Tool, which the Federal Financial Institutions Examination Council developed to help financial institutions identify risks and determine cybersecurity preparedness.
Other state banking regulators are invited to participate through the State Liaison Committee of the Federal Financial Institutions Examination Council.
The bureau, in coordination with the federal and state agencies represented by the Federal Financial Institutions Examination Council (FFIEC), launched a tool that provides the public easier access to information for 2007 through 2012.
The Federal Financial Institutions Examination Council (FFIEC) has released proposed guidance on policies concerning social media usage by banks, savings associations and credit unions.
The Federal Financial Institutions Examination Council (FFIEC), which includes the Federal Reserve, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation, updates the list annually.
Net income at March 31 was $262,000, according to the quarterly call report filed with the Federal Financial Institutions Examination Council.
The Federal Financial Institutions Examination Council, on behalf of the five major banking regulatory agencies, has issued a Final Advisory informing financial institutions not to enter into external audit engagement letters that incorporate "unsafe and unsound" limitation of liability provisions with respect to audits of financial statements and internal control over financial reporting.
The Federal Financial Institutions Examination Council (FFIEC) Call Report agencies--the Federal Deposit Insurance Corporation (FDIC), the Board of Governors of the Federal Reserve System (FRB), and the Office of the Comptroller of the Currency (OCC)--announced on June 30, 2005, the schedule for financial institutions to enroll in the Central Data Repository (CDR).
Source: Federal Financial Institutions Examination Council; analyzed by the Chicago Reporter.
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