- The FFIEC members revised and renamed the Business Continuity
Planning booklet to Business Continuity Management (BCM) to reflect
updated information technology risk practices and frameworks and the
increased focus on ongoing, enterprise-wide business continuity and
resilience. The new Handbook can be found at:
(A side note - the word test
is used more than 90 times.)
technology audits -
As a former bank examiner
with over 40 years IT audit experience, I will bring an examiner's
perspective to the FFIEC information technology audit for financial
Texas, New Mexico, Colorado, and Oklahoma.
The Growth and Challenges of Cyber Insurance - Cyberattacks have
grown in frequency and cost over the past decade, with high-profile cases, such
as the 2013 Target data breach, the 2017 Equifax data breach, and the leak of
Democratic National Committee emails during the 2016 election making national
FYI - Google will offer checking
accounts next year, report says - The tech giant is reportedly partnering with
Citigroup and a credit union at Stanford University. Google reportedly plans to
start offering checking accounts to consumers next year. The accounts will be
run by Citigroup and a credit union at Stanford University, according to a
report Wednesday from The Wall Street Journal.
November 14, 2019 - Midwest Farmland Values Down Slightly in the
Second Quarter - According to the most recent AgLetter, Seventh
District farmland values in the second quarter of 2019 were 1
percent lower than a year ago. Values for “good” agricultural land
in the second quarter of 2019 were largely the same as in the first
November 14, 2019 - Innovation on the Fringe and at the Core of
Financial Services - A speech presented on November 14, 2019, at the
Third Annual Fintech Conference in Philadelphia, PA.
November 14, 2019 - St. Louis Fed’s Bullard Discusses the FOMC’s
Substantial Turn during 2019 - Federal Reserve Bank of St. Louis
President James Bullard presented “The FOMC’s Substantial Turn
during 2019” at the Rotary Club of Louisville on Thursday.
November 14, 2019 - Speech by Vice Chair Clarida on the Federal
Reserve’s review of its monetary policy strategy, tools, and
communication practices At "Fed Policy: A Shadow Review" Cato
Institute’s 37th Annual Monetary Conference, Washington, D.C.
November 14, 2019 - Brief remarks by Vice Chair for Supervision
Quarles via pre-recorded video At "Supervision in a Digital Era,"
the 26th Annual Conference of the International Association of
Insurance Supervisors, Abu Dhabi, the United Arab Emirates
November 13, 2019 - Regulatory Capital Rule: Capital Simplification
for Qualifying Community Banking Organizations : Final Rule - The
Office of the Comptroller of the Currency, the Board of Governors of
the Federal Reserve System, and the Federal Deposit Insurance
Corporation published a final rule in the Federal Register on
November 13, 2019, that will provide a simplified measure of capital
adequacy for qualifying community banking organizations.
November 13, 2019 - Learning and Misperception: Implications for
Price-Level Targeting - Martin Bodenstein, James Hebden, and Fabian
Winkler - Abstract: Monetary policy strategies that target the price
level have been advocated as a more effective way to provide
economic stimulus in a deep recession when conventional monetary
policy is limited by the zero lower bound on nominal interest rates.
November 13, 2019 - Advanced Notice of a Meeting under Expedited
Procedures - A closed meeting of the Board of Governors of the
Federal Reserve System will be held under expedited procedures at
4:30 p.m. on November 15, 2019. Matter(s) considered: Federal
Reserve Supervision and Regulation Report.
November 13, 2019 - Testimony by Chair Jerome H. Powell - The
Economic Outlook Before the Joint Economic Committee, U.S. Congress,
November 13, 2019 - NCUA Chairman Rodney E. Hood Remarks - National
Association of State Credit Union Supervisors, Connecticut Executive
November 12, 2019 - Understanding Recent Fluctuations in Short-Term
Interest Rates - By Sam Schulhofer-Wohl - In mid-September 2019,
there were sudden, large fluctuations in short-term interest rates.
Why did these fluctuations happen, and what do they tell us about
the Federal Reserve’s monetary policy toolkit?
November 12, 2019 - The Growth and Challenges of Cyber Insurance By
Andrew Granato, Andy Polacek - Cyberattacks have grown in frequency
and cost over the past decade, with high-profile cases, such as the
2013 Target data breach, the 2017 Equifax data breach, and the leak
of Democratic National Committee emails during the 2016 election
making national headlines.
November 12, 2019 - U.S. & New Mexico Economic Update By Alison
Felix Economist & Branch Executive Federal Reserve Bank of Kansas
City Denver Branch.
November 12, 2019 - Speech by Vice Chair Clarida on monetary policy,
price stability, and equilibrium bond yields: success and
consequences At the High-Level Conference on Global Risk,
Uncertainty, And Volatility, co-sponsored by the Bank for
International Settlements, the Board of Governors of the Federal
Reserve System, and the Swiss National Bank, Zurich, Switzerland
November 8, 2019 - NCUA’s Hood: “Fresh Thinking” can Help Credit
Unions Support Small Business, Communities - Chairman Joins
Roundtable on Building Sustainable Local Economies - Credit unions
should be allowed to make the most of their resources to help small
businesses and local economies grow and thrive, National Credit
Union Administration Chairman Rodney E. Hood said today.
November 8, 2019 - NCUA Chairman Rodney E. Hood Remarks - Reid
Temple A.M.E. Church, Small Business Symposium.
November 8, 2019 - Margin and Capital Requirements for Covered Swap
Entities : Notice of Proposed Rulemaking - The Office of the
Comptroller of the Currency, the Board of Governors of the Federal
Reserve System, the Federal Deposit Insurance Corporation, the Farm
Credit Administration, and the Federal Housing Finance Agency seek
comment on a proposed rule that would amend their regulations
regarding the minimum margin and capital requirements for registered
swap dealers, major swap participants, security-based swap dealers,
and major security-based swap participants.
November 8, 2019 - U.S. and Oklahoma Economic Outlook By Chad
Wilkerson Vice President and Oklahoma City Branch Executive.
November 8, 2019 - Kansas City Fed announces winners of annual
Code-A-Thon - The Federal Reserve Bank of Kansas City announced a
team from Pittsburg State University won first place in the fourth
annual Kansas City Fed Code-AThon.
November 8, 2019 - Banker Webinar: Community Bank Leverage Ratio
Framework - The FDIC, the Office of the Comptroller of the Currency,
and the Board of Governors of the Federal Reserve System will host
an interagency webinar on November 21, 2019, from 2:00 p.m. to 3:30
p.m. Eastern Time to discuss the community bank leverage ratio.
November 8, 2019 - Credit and Liquidity Programs and the Balance
Sheet - Recent balance sheet trends, weekly chart update.
November 8, 2019 - Speech by Governor Brainard on why climate change
matters for monetary policy and financial stability At "The
Economics of Climate Change" a research conference sponsored by the
Federal Reserve Bank of San Francisco, San Francisco, California.
November 8, 2019 - Federal Reserve Board invites public comment on
proposal to extend by 18 months initial compliance dates for foreign
banks subject to its single-counterparty credit limit rule.
November 7, 2019 - NCUA: Diversity Self-Assessment Offers Many
Benefits to Credit Unions - Federally insured credit unions could
enjoy many benefits—and no risks—by participating in the Voluntary
Credit Union Diversity Self-Assessment available from the National
Credit Union Administration.
November 7, 2019 - San Francisco Fed Hosting Economics of Climate
Change Research Conference - Researchers from around the globe will
convene at the San Francisco Fed tomorrow for the Federal Reserve
System’s first research conference on the economic impacts of
Please don't hesitate to email me (firstname.lastname@example.org)
if you have any questions.
Have a great week,
R. Kinney Williams,
Certified Financial Examiner
Our pen-test firewall audit
meets the independent diagnostic test
requirements of FDIC, OCC, FRB, and NCUA, which provides
Gramm-Leach Bliley Act 501(b).
a hacker's perspective, which will help
your IT staff identify real-world weaknesses. For more information, please
call R. Kinney Williams at Office/Cell 806-535-8300, send an email to
email@example.com, or visit
You may also receive this newsletter by email. Go to
for more information. The various category comments may be excerpts from
regulatory press releases, which can be found at the respective regulatory web
site. Our privacy
statement can be found at
Our logo above
is registered with the United States Patent and Trademark Office