Newsroom

May 06, 2012

FFIEC upgrades IT exam guidance

May 7, 2012 – The Federal Financial Institutions Examination Council has upgraded the functions and features of the InfoBase for the FFIEC Information Technology Examination Handbook.

The IT Handbook consists of 11 booklets covering a variety of technology and technology-related risk management guidance for financial institutions and examiners.
The new architecture provides the FFIEC member agencies with new capabilities, including the ability to make updates on a more frequent basis.

This new architecture will enable the agencies to respond to changes in technology and the risk environment on an as-needed basis rather than waiting for the next revision of a particular booklet or booklets.

A "What's New" function has been included on the InfoBase home page so users can monitor changes and, in the future, see a listing of historical changes. The individual booklets will no longer be available in hard copy; instead, users will be able to select what materials they want to print, whether one page or the entire booklet. This will also reduce costs.

The IT Handbook is a collaborative effort of the Information Technology Subcommittee of the FFIEC's Task Force on Supervision. The FFIEC is currently chaired by Debbie Matz, NCUA's chairman.