What is the FFIEC?

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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 the aforementioned 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
  • E-banking
  • Information security
  • Management
  • Operations
  • Outsourcing technology services
  • Retail payment systems
  • Supervision of technology service providers
  • Wholesale payment systems

AccuSystems links to several resources from the FFIEC and related agencies. Visit our compliance resource center for quick links to FFIEC resources that are especially useful for loan administrators and loan operations teams.

Banking Compliance Resources

Looking for more information about bank compliance and loan operations? Be sure to check out our extensive resource library with free spreadsheets, whitepapers, and ebooks.

Browse our banking definitions page for more terminology.

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