FFIEC

The Federal Financial Institutions Examination Council (FFIEC) Council “is a formal inter-agency body empowered to prescribe uniform principles, standards, and report forms for the federal examination of financial institutions by 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), and the Consumer Financial Protection Bureau (CFPB), and to make recommendations to promote uniformity in the supervision of financial institutions” (Federal Financial Institutions Examination Council (FFIEC), 2019).

“In 2006, the State Liaison Committee (SLC) was added to the Council as a voting member. The SLC includes representatives from the Conference of State Bank Supervisors (CSBS), the American Council of State Savings Supervisors (ACSSS), and the National Association of State Credit Union Supervisors (NASCUS)” (Federal Financial Institutions Examination Council (FFIEC), 2019).

References

Federal Financial Institutions Examination Council (FFIEC). (2019, August 12). FFIEC Home Page. Retrieved from https://www.ffiec.gov/