Regulatory Reality:

examinations

1

December 19, 2012  1:51 PM

CFPB: Dodd-Frank at its best.



Posted by: David Schneier
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The campaign season that ended with last month’s presidential elections generated more debate and rhetoric than any other in my lifetime.  As I'm an outspoken person who has never shied away from a good argument I routinely found myself engaged in exchanges with a remarkably broad range of...

October 22, 2012  2:09 PM

Are banks unfairly scrutinized?



Posted by: David Schneier
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A few years back when I first cut over to working somewhat exclusively with financial institutions I memorized an elevator speech that still somewhat defines who I am and what I do professionally.  Part of the speech pointed out that my firm helped "banks and credit unions meet regulatory...


September 21, 2012  3:44 PM

Are self-assessments the right way to go?



Posted by: David Schneier
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About a decade ago a family member chastised me for having an auto repair shop do my oil changes for me.  She (yeah, you’re reading that right – “she”) pointed out how ridiculously easy it was to drain the old oil, replace it with the new stuff and check a wide variety of fluid levels,...


August 8, 2012  6:21 PM

Metrics Reporting: Are pretty colors always pretty accurate?



Posted by: David Schneier
Audit, auditor, audits, bank, banking, banks, Board, Board of Directors, BoD, business, community bank, compliance, control, controls, exam, examination, examinations, examiner, examiners, exams, financial institutions, fraud, governance, regulation, regulations, regulations audit, regulatory, regulatory guidance, SOX

I have an odd relationship with management reporting.  I know it's a necessity and quite often see clear value in what's packaged for senior management and board review.  But a significant piece of the reporting content comes in the form of metrics and, well, whenever I hear the term it conjures...


July 21, 2012  8:25 PM

CFPB: Filling the regulatory void left by Sheila Bair



Posted by: David Schneier
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I was an unabashed fan of Sheila Bair and made no secret of that fact.  She was a breath of fresh air in a line of work where everything is stale and always at least a little boring.  Not that Martin Gruenberg is any less effective running the FDIC, he's just a whole lot less interesting to pay...


July 6, 2012  3:18 AM

Risk: The core issue behind regulatory requirements



Posted by: David Schneier
assess, assessment, assessments, Audit, audits, bank, banking, banks, compliance, compliant, control, credit union, credit unions, CU, enterprise risk, enterprise risk management, ERM, exam, examination, examinations, examiner, exams, FDIC, Federal Reserve Bank, FFIEC, financial institutions, framework, FRB, general controls, GLBA, governance, GRC, guidance, information security, information security office, infrastructure, NCUA, PII, policy, procedure, regulation, regulations, regulations audit, risk assessment, risk assessments, Risk IT, risk management, risk rating, risk-based, risks, threats, vendor, Vendor Management, vendor risk, vendor risk assessment

There's a joke of sorts within my personal circle of family and friends regarding what it is that I do these days.  Ask me and I'll tell you that I'm a regulatory compliance expert who advises financial institutions on how to comply with the myriad rules and regulations governing information...


July 17, 2011  10:01 PM

Vendor management: What’s missing in this big picture?



Posted by: David Schneier
assessment, Audit, compliance, exam, examinations, GLBA, regulatory, Regulatory Compliance, risk

I do a whole lot of work with vendor management, a fact which most of my regular readers are quite aware of.  And while I typically recoil when somebody else says of themselves what I'm about to say, I'm going to say it anyway; I'm really something of an expert on the discipline, particularly as...


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