Browsing: Risk and Compliance

Newsbytes OIG Report: FDIC cyber risk examination program riddled with flaws

A federal program to assess IT and cyber risks at financial institutions has several significant flaws that could prevent it from working as intended, and as a result, may affect the insurance premiums paid by those institutions, the Office of Inspector General concluded in a report released this week.

Economy Government report finds increased risks to U.S. financial stability

Multiple factors have increased overall risks to U.S. financial stability over the past year, although the banking sector “remained well capitalized and maintained risk-based capital ratios well above regulatory minimums,” the Office of Financial Research said this week in its annual report to Congress.

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