FFIEC is an acronym for the Federal Financial Institutions Examination Council. Established in 1979, the FFIEC is an inter-agency group that creates guidelines for standardizing federal audits of financial institutions by the following organizations:
- the Board of Governors of the Federal Reserve System (FRB)
- the Federal Deposit Insurance Corporation (FDIC)
- the National Credit Union Administration (NCUA)
- the Office of the Comptroller of the Currency (OCC)
- the Consumer Financial Protection Bureau (CFPB)
- the State Liaison Committee (SLC)
FFIEC rules are filtered through these organizations down to the financial institutions under each entity’s respective purview. For a complete list of enforcement actions and orders by institution type, check out the FFIEC’s Enforcement Actions and Orders resource.
Downloadable FFIEC Materials
The FFIEC offers downloadable IT (information technology) booklets that provide guidance to examiners on a wide variety of topics:
- IT audits
- Business continuity management
- Development and acquisition
- Information security
- Outsourcing technology services
- Retail payment systems
- Supervision of technology service providers
- Wholesale payment systems
Banking Compliance Resources
Looking for more information about bank and credit union compliance and loan operations? Be sure to check out our extensive resource library with free spreadsheets, whitepapers, videos and eBooks.
Browse our banking definitions page for more terminology.