The Office of the Comptroller of the Currency was named one of the 50 best places in America to start a career by Business Week magazine.
"The Business Week ranking confirms what we've long known: that the OCC is a great place to start - and build - a career," said Comptroller of the Currency John C. Dugan.
The...
In October 2005, the FFIEC agencies (agencies) issued guidance entitled Authentication in an Internet Banking Environment (guidance) . The guidance focuses on the risks of fraud and identity theft associated with Internet banking activities. The guidance states that financial institutions should perform a risk...
U.S. Treasury Deputy Assistant Secretary D. Scott Parsons will speak about the financial sector's preparedness for a disaster or attack September 12, 2006 at 9:00 a.m. at the Financial and Banking Information Infrastructure Committee / Financial Services Sector Coordinating Council meeting. He will give remarks at...
The federal bank and thrift regulatory agencies announced today that they will request public comment on a notice of proposed rulemaking (NPR) that would implement new risk-based capital requirements in the United States for large, internationally active banking organizations. The NPR details the agencies' plans for...
The advance of Web services technologies promises to have far-reaching effects on the Internet and enterprise networks. Web services based on the eXtensible Markup Language (XML), Simple Object Access Protocol (SOAP), and related open standards, and deployed in Service Oriented Architectures (SOA) allow data and...
Intrusion detection is the process of monitoring the events occurring in a computer system or network and analyzing them for signs of potential incidents, which are violations or imminent threats of violation of computer security policies, acceptable use policies, or standard security practices. Intrusion prevention...
Electronic mail (email) is perhaps the most popularly used system for exchanging business information over the Internet (or any other computer network). At the most basic level, the email process can be divided into two principal components: (1) mail servers, which are hosts that deliver, forward, and store mail; (2)...
The agencies have published a joint notice of proposed rulemaking entitled Risk¬Based Capital Standards: Advanced Capital Adequacy Framework (the NPR). The NPR describes a new regulatory capital framework for U.S. banks that qualify for and adopt the advanced internal ratings-based (AIRB) approach for credit risk...
On August 4, 2003, the agencies issued an advance notice of proposed rulemaking (ANPR) (68 FR 45900) that sought public comment on a new risk-based regulatory capital framework based on the Basel Committee on Banking Supervision (BCBS)2 April 2003 consultative paper entitled "The New Basel Capital Accord" (Proposed...
The Federal Deposit Insurance Corporation (FDIC) has a demanding responsibility enforcing banking laws, regulating financial institutions, and protecting depositors. The corporation relies extensively on computerized systems to support and carry out its financial and mission-related operations.
As part of the audit...
The Office of the Comptroller of the Currency advised national banks today that registration for two conference calls on the revised FFIEC Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual will close on September 6.
The conference calls are sponsored by the five federal banking agencies and the...
This bulletin provides guidance for national banks and examiners on managing the risks of automated clearing house (ACH) activity. National banks may be exposed to a variety of risks when originating, receiving, or processing ACH transactions, or outsourcing these activities to a
third party. This bulletin...
This document is a tool for financial institutions’ use in assessing and mitigating risks associated with implementation of Remote Deposit Image Capture (RDIC).
This paper provides successful strategies that financial institutions (FIs) have employed for managing the risks with RDIC. It does not imply that...
The Federal Reserve System's Federal Reserve Banks (FRB) serve as fiscal agents of the U.S. government when they are directed to do so by the Secretary of the Treasury. In this capacity, the FRBs operate and maintain several mainframe and distributed-based systems-including the systems that support the Department of...
The FDIC is enhancing the protection of examination information and other sensitive data, and has issued updated procedures to its examination staff on safeguarding this information.
Highlights:
The updated procedures provide additional protection to bank data that may be sensitive as defined by the...
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