Letter From The Manager

The Federal Financial Institutions Examination Council (FFIEC) was established pursuant to title X of Public Law 95-630, the Financial Institutions Regulatory and Interest Rate Control Act of 1978 (FIRA). The purpose of title X was to create an interagency body empowered to “prescribe uniform principles and standards for the federal examination of financial institutions…and make recommendations to promote uniformity in the supervision of these financial institutions.” As part of its mandate, the Council conducts training programs for federal and state financial institution examiners.

The goals of the training program are to (1) promote training efficiency by encouraging consistency of examiner education through joint sponsorship of interagency training; (2) develop, maintain and deliver timely, cost-effective and state-of-the-art interagency training; (3) serve as a clearinghouse of training opportunities offered by the member agencies; and (4) provide support to the initiatives of the Council and its task forces.

Since its inception in 1979, the Council has provided training in-person and virtually for 142,048 participants. All programs are offered under the auspices of the Task Force on Examiner Education, whose principal members are officers of the Council-member agencies and a representative from the State Liaison Committee who oversee examiner training. Programs are expressly designed to meet the needs of post-commissioned examiners.

The training office (FFIEC EEO) relies primarily on the private sector for instructors. Bankers, attorneys, accountants and consultants bring outside expertise to the classroom. This provides a source of instructors to supplement those found in agency commissioning training. Staff members from participating agencies provide lectures on regulatory topics. The FFIEC EEO offerings are assessed annually to assure the examiners are kept up-to-date on various topics in a changing economic environment.

Since 1999, the FFIEC has continued to update the delivery of training or information via the “FFIEC InfoBase.” The FFIEC EEO in conjunction with the IT Subcommittee has continued to coordinate revisions of the FFIEC Information Technology Examination Handbook InfoBase. The FFIEC EEO in conjunction with the BSA Working Group has continued to update the online Bank Secrecy Act/Anti-Money Laundering Examination Manual InfoBase. All are available at www.ffiec.gov/exam.

FFIEC EEO has continued offering Alternative Delivery training along with its courses and conferences since the beginning of a relationship in 2002 with CSBS who supports two self-study training courses. A section in this catalogue outlines the current offerings. In addition, the FFIEC EEO continues to provide FFIEC sponsored Interagency webinars and calls. Events are offered to agency staff through FFIEC Examiner Exchange and to industry and the public through FFIEC Industry Outreach.

In 2021, the FFIEC EEO continued to expand its offerings of live-streamed virtual conferences through Examiner Exchange events. Additionally, as a result of cancelled in-person classes in 2021 due to COVID restrictions, FFIEC EEO offered several of the courses in its curriculum virtually. As of this date, FFIEC EEO is prepared to follow the lead of the member agencies as to the number of virtual offerings for conferences and classes in 2022. Updated announcements will be made via the FFIEC’s website.

Karen K. Smith, Manager, Examiner Education

May 3, 2021