Regulatory Reality:

regulatory


April 26, 2011  6:00 AM

Is compliance moving too fast?



Posted by: David Schneier
assessment, Audit, compliance, exam, examiner, exams, GLBA, governance, GRC, NCUA, oversight, regulations, regulatory, Regulatory Compliance, risk

I joined a new group last week on LinkedIn focusing on compliance within the banking space and during my first visit answered a forum question that started with "How do you manage the flow of compliance information"?  It was a relevant question and I was happy enough to offer my two cents (never a...

April 18, 2011  6:22 PM

Epsilon: Why vendor management is critical.



Posted by: David Schneier
Audit, bank, banking, compliance, FDIC, FFIEC, GLBA, NCUA, regulatory, Regulatory Compliance, requirements, risk, SAS 70, vendor, Vendor Management

A few years back we hired a local painting contractor to do some work around my house.  Upon completing his sales spiel he announced that he often relies upon subcontractors for the less skilled work and wanted to be upfront about that before we entered into any sort of deal with him.  Anyone he...


April 8, 2011  10:45 AM

GRC is about to see its future.



Posted by: David Schneier
Audit, compliance, GLBA, governance, GRC, HIPAA, PCI, regulations, regulatory, Regulatory Compliance, risk, SOX, UCF

After nearly a quarter century of working in and around the corporate IT domain I have a grand total of four bold predictions I've made that stand out.  Three of them I had nailed dead on and the fourth never panned out a fact that confounds me still to this day. The...


March 25, 2011  2:48 PM

A Hard Lesson Learned in Japan’s Disaster



Posted by: David Schneier
business continuity, business continuity plan, business continuity planning, disaster, disaster recovery, FFIEC, GLBA, NCUA, regulations, regulatory, Regulatory Compliance, Security

There will be no shortage of industry articles and analysis that will emerge from the horrific events in Japan over these past few weeks, that's for certain.  This is arguably the most significant event to hit a major regional economy since World War II and it's important to learn as many lessons...


March 15, 2011  9:58 PM

Is your examiner a friend or foe?



Posted by: David Schneier
Audit, bank, banking, compliance, credit union, CU, exam, examiner, FDIC, GLBA, NCUA, OCC, oversight, regulations, regulatory, Regulatory Compliance

I was catching up on my industry emails the other day and buried in my FDIC email folder was Financial Institution Letter FIL-13-2011, sent out on March 1st. Truthfully I usually pay close attention to their Friday afternoon blasts regarding bank closings and only skim the rest. But this one...


March 8, 2011  4:58 PM

Does GRC scale to size?



Posted by: David Schneier
assessment, Audit, bank, banking, compliance, credit union, CU, exam, examination, examiner, exams, governance, GRC, regulation, regulatory, Regulatory Compliance, risk, risk assessment

We were having an internal conversation this past week about governance, risk, and compliance (GRC) and I was asked about its role in the small and...

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February 10, 2011  4:07 PM

Should banks and social networking coincide?



Posted by: David Schneier
bank, banks, credit union, credit unions, email, Facebook, FDIC, LinkedIn, NCUA, regulations, regulatory, Regulatory Compliance, social network, social networking, tweet, tweeting, Twitter, web

A few weeks back my wife asked me, as a favor, if I could join one of Facebook's community-based games because the more "neighbors" you have, the easier it is to succeed and so I did. Truthfully it was a rare moment of weakness for me because I tend to avoid those sort of things as if it were the...


January 29, 2011  1:34 AM

Regulatory compliance is not easy



Posted by: David Schneier
assessment, Audit, bcp, business continuity plan, disaster recovery, DR, FDIC, GLBA, NCUA, regulations, regulatory, Regulatory Compliance

Something happened within our practice this past week that made me recall a story from the very beginning of my audit and compliance career. Way back in 1998 when I was first transitioning from being an application developer/manager to a compliance/audit professional, my first long term engagement...


January 17, 2011  1:55 PM

Is the U.S. banking crisis over?



Posted by: David Schneier
bank closing, bank closings, banking, banking crisis, compliance, FDIC, FFIEC, foreclosure, GLBA, NCUA, regulatory, Regulatory Compliance

As my professional mind started winding down this evening in anticipation of the weekend, my thoughts started drifting towards yard work and time with the family. Then my Droid started chirping it's little sing-song of alerts as a round of emails hit my inbox and I was brought back to reality for a...


January 8, 2011  5:41 PM

New year advice on developing a business continuity plan



Posted by: David Schneier
Audit, bcp, BIA, business continuity plan, business impact analysis, exam, examiners, FFIEC, GLBA, regulatory, Regulatory Compliance, risk, risk assessment

One of the first things I had to work on this week (and thus one of the first things to work on in the new year) was finalizing a report from last year. The report covered the results of a Business Continuity Plan desktop test and the client needed some clarifications around the results. I've...


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