National Credit Union Administration (NCUA) Board Member Gigi Hyland represented the agency yesterday at the inaugural meeting of President Bush's Identity Theft Task Force.
On May 10, 2006, the President signed an Executive Order for the purpose of strengthening federal efforts to protect against identity theft....
In a speech today before the Conference of State Bank Supervisors in Norfolk, Virginia, Federal Deposit Insurance Corporation Acting Chairman Martin Gruenberg outlined overall capital objectives contained in the proposed rule for proceeding with Basel II in the U.S. Basel II is a new, international standard for the...
The FDIC Board of Directors is seeking comment on the attached three proposed rules governing deposit insurance assessments under the Deposit Insurance Reform Act of 2005. The proposed rules would implement a one-time assessment credit, dividends, and procedural and operational changes to the assessment regulations....
The Internet is the world's largest computing network, with hundreds of millions of users. From the perspective of a user, each node or resource on this network is identified by a unique name - the domain name - such as www.nist.gov. However, from the perspective of network equipment that routes communications across...
The FDIC, along with the other federal banking agencies and the Securities and Exchange Commission, is issuing the attached statement for public comment. The statement informs financial institutions of the internal controls and risk-management procedures that should be used to identify, manage and address the...
While most people have a pretty good idea about how FDIC insurance works, a surprisingly large number of consumers have potentially costly misconceptions. The biggest concern: Some depositors who believe that their funds are fully insured may inadvertently have some money over the insurance limits and risk losing that...
Fred S. Carns has been named Director of the FDIC's Office of International Affairs (OIA), replacing Michael Zamorski, who retired from the FDIC after 29 years of service. Mr. Carns will be responsible for coordinating the FDIC's international banking activities with a focus on building strong relationships with...
Why GAO Did This Study
Since 1979, Egypt has received about $80 billion in military and economic assistance with about $34 billion in the form of foreign military financing (FMF) grants that enable Egypt to purchase U.S.-manufactured military goods and services. In this report, GAO (1) describes the types and...
Five federal agencies today requested public comment on a revised proposed statement on the complex structured finance activities of financial institutions. The revised statement describes the types of internal controls and risk management procedures that should help financial institutions identify, manage and address...
Pursuant to the provisions of the "Government in the Sunshine Act" (5 U.S.C. 552b), notice is hereby given that the Federal Deposit Insurance Corporation's Board of Directors will meet in open session at 2:00 p.m. on Tuesday, May 9, 2006, to consider the following matters:
Summary Agenda: No substantive discussion...
Regulators, public companies, audit firms, and investors generally agree that the Sarbanes-Oxley Act of 2002 has had a positive and significant impact on investor protection and confidence. However, for smaller public companies (defined in this report as $700 million or less in market capitalization), the cost of...
Summary: The Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued the attached advisory to U.S. financial institutions to guard against potential money laundering threats involving the smuggling of bulk U.S. currency into Mexico and the possible abuse of their financial...
This publication focuses on developing and implementing information security metrics for an information security program. The processes and methodologies described in this guidance link information security performance to agency performance by leveraging agency-level strategic planning processes. The performance...
Summary: The Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) is seeking public comment on the attached Advance Notice of Proposed Rulemaking (ANPR) regarding the impact of Bank Secrecy Act (BSA) regulations on the ability of money services businesses (MSBs) to open and maintain accounts and...
The Agencies are proposing Red Flag Regulations that adopt a flexible risk-based approach similar to the approach used in the "Interagency Guidelines Establishing Information Security Standards" issued by the Federal banking agencies (FDIC, Board, OCC and OTS), the "Guidelines for Safeguarding Member Information"...
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