Is Your Bank Reviewing Its Technology Contracts?
Recent FDIC guidance points to steps banks can take to beef up their vendor agreements.
Browsing: Third-party risk
Fed’s Bowman: Compliance Concerns Hindering Community Bank Innovation
Federal Reserve Governor Michelle Bowman today expressed concern that regulatory complexities and compliance issues could be hindering community banks’ approach to innovation.
FDIC Warns on ‘Gaps’ in Tech Vendor Contracts
The FDIC issued a letter to all banks today outlining gaps that some examiners had noted in banks’ contracts with technology vendors and reiterating regulatory requirements for these contracts.
OCC Warns of Risk from Rising Corporate Debt
Exposure to rising corporate debt — including bonds and loans — was among several key risk themes identified by the OCC in its semiannual risk report released today.
FFIEC Warns of OFAC Compliance Risk Due to Renewed Iran Sanctions
As the Treasury Department renewed economic sanctions against the Iranian regime today, the Federal Financial Institutions Examination Council issued a joint statement alerting banks of potential effects on information technology and other operations.
Podcast: Two Ways to Partner with Fintech Firms
As long as banks have existed, they’ve deployed innovative technology to better serve their customers and improve efficiency. On the latest episode of the ABA Banking Journal Podcast, two leading bankers discuss distinct approaches to partnering with fintech firms today.
Six Steps to Building a Resilient Enterprise
Thinking beyond the fallout from a cyber incident.
OCC Flags Supervision Priorities for 2019
The OCC today released its bank supervision operating plan for fiscal year 2019, identifying what each of the agency’s supervisory operating units will focus on for the new federal fiscal year starting on Oct. 1.
Missing Ingredients of Shared Due Diligence Services
Bankers weigh the pros and cons of shared due diligence services.
FASB Addresses ABA’s Concerns on Capitalizing New System Costs
The Financial Accounting Standards Board has issued a draft proposal allowing companies to capitalize certain implementation costs relating to new systems that operate on cloud technology, an issue that was first raised to FASB by members of the American Bankers Association’s Accounting Administrative Committee.