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Financial Regulators Release New Appendix to Business Continuity Planning Booklet Appendix J: Strengthening the Resilience of Outsourced Technology Services

The Federal Financial Institutions Examination Council (FFIEC) members today issued a revised Business Continuity Planning Booklet (BCP Booklet), which is part of the FFIEC Information Technology Examination Handbook (IT Handbook). The update consists of the addition of a new appendix, entitled Strengthening the Resilience of Outsourced Technology Services.

FFIEC Releases Two Statements on Compromised Credentials and Destructive Malware

The Federal Financial Institutions Examination Council (FFIEC) today released two statements about ways that financial institutions can identify and mitigate cyber-attacks that compromise user credentials or use destructive software, known as malware. In addition, the FFIEC provided information on what institutions can do to prepare for and respond to these threats.

Hughes and Kingry Re-Appointed to FFIEC State Liaison Committee

The Federal Financial Institutions Examination Council announced today the reappointments of both Mary Hughes and Lauren Kingry to the Council's State Liaison Committee (SLC).

Hughes’ SLC nomination was first confirmed by the National Association of State Credit Union Supervisors (NASCUS) in January 2015 to complete a partial term vacancy created by the resignation of Thomas Candon upon his retirement. Today marks the beginning of Hughes’ first two-year term, which will continue through March 31, 2017.

Caroline Jones Appointed to FFIEC State Liaison Committee

The Federal Financial Institutions Examination Council (FFIEC) announced today the appointment of a new member of the Council’s State Liaison Committee (SLC). Caroline Jones serves as the Commissioner of the Texas Department of Savings and Mortgage Lending. Commissioner Jones serves as the American Council of State Savings Supervisors (ACSSS) representative on the SLC for a two-year term commencing today through March 31, 2017.

Daniel K. Tarullo Named FFIEC Chairman

Federal Reserve Board Governor Daniel K. Tarullo on Wednesday became the 22nd chairman of the Federal Financial Institutions Examination Council. His two-year term runs from April 1, 2015, through March 31, 2017. Governor Tarullo succeeds Thomas J. Curry, the comptroller of the currency, Office of the Comptroller of the Currency (OCC). The Council also named Martin J. Gruenberg, chairman, Federal Deposit Insurance Corporation (FDIC), as its new vice chairman for the same two-year term.

Lawson Re-Appointed to FFIEC State Liaison Committee

The Federal Financial Institutions Examination Council (FFIEC or Council) announced today the re-appointment of Karen K. Lawson to the FFIEC’s five-member State Liaison Committee (SLC). Lawson has been active on the SLC since 2013 when she was first confirmed by the Council for a two-year term that began on May 1, 2013. Lawson’s second two-year term begins today and runs through April 30, 2017.

Agencies Release List of Distressed or Underserved Nonmetropolitan Middle-Income Geographies

Joint Release

Board of Governors of the Federal Reserve System
Federal Deposit Insurance Corporation
Office of the Comptroller of the Currency

 

The Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation today announced the availability of the 2015 list of distressed or underserved nonmetropolitan middle-income geographies, where revitalization or stabilization activities will receive Community Reinvestment Act (CRA) consideration as community development.

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