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Exam Number : CABM
Exam Name : Certified Associate Business Manager
Vendor Name : Financial
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Financial Manager exam

economic regulators update examiner assistance on monetary associations’ suggestions technology architecture, infrastructure, and operations | CABM PDF get and test Cram

ARLINGTON, VA (June 30, 2021) — The Federal financial institutions Examination Council (FFIEC) these days issued a brand new booklet in the FFIEC assistance technology Examination instruction manual collection, titled “architecture, Infrastructure, and Operations.”

The booklet provides improved suggestions to assist fiscal establishment examiners examine the chance profile and adequacy of an entity’s tips expertise structure, infrastructure, and operations.

the new booklet replaces the “Operations” booklet issued in July 2004 and it gives examiners with simple examination expectations related to architecture and infrastructure planning, governance and chance management, and operations of regulated entities. The booklet discusses the interconnectedness amongst an entity’s property, methods, and third-celebration provider providers together with the principles, processes, expertise threats, and examination approaches to aid examiners investigate whether a economic entity’s management competently addresses hazards and complies with applicable legal guidelines and regulations.

Updates to the booklet reflect the changing technological ambiance and increasing need for safety and resilience, including architectural design, infrastructure implementation, and operation of advice expertise systems. The up-to-date booklet also highlights the value of offering current information to examiners reviewing an entity’s tips administration practices referring to safety and soundness, customer coverage, and provision of comfy and resilient enterprise features to clients.

The complete FFIEC counsel expertise Examination guide is purchasable at http://ithandbook.ffiec.gov/.

About FFIEC

The FFIEC was established in March 1979 to prescribe uniform ideas, standards, and record varieties and to promote uniformity in the supervision of financial institutions. The Council has six vote casting contributors: the Board of Governors of the Federal Reserve system, the Federal Deposit assurance organization, the workplace of the Comptroller of the foreign money, the national credit score Union Administration, the customer financial protection Bureau, and the State Liaison Committee. The Council’s actions are supported by using interagency assignment forces and by way of an advisory State Liaison Committee, constituted of five representatives of state organizations that supervise financial associations.

Contacts

Judith E. DupreExecutive SecretaryFFIEC

Media Contact:Julianne Fisher BreitbeilFDIC(202) 898-6895

Susan StawickFederal Reserve(202) 452-2955

Stephanie CollinsOCC(202) 649-6870

Marisol GaribayCFPB(202) 435-5160

Ben HardawayNCUA(703) 518-6333

Jim KurtzkeSLC(202) 728-5733




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