Regulatory Reality:

vendor risk

1

December 19, 2012  1:51 PM

CFPB: Dodd-Frank at its best.



Posted by: David Schneier
bank, banking, banking crisis, banks, compliance, compliant, Dodd-Frank, economy, exam, examination, examinations, examiner, examiners, exams, Federal Reserve Bank, FFIEC, financial, financial institutions, FRB, mortgage, regulation, regulations, regulations audit, regulatory, regulatory guidance, requirements, risk, SOX, third party management, third party oversight, too big too fail, vendor, Vendor Management, vendor risk, vendor risk assessment, vendor risk rating

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...

July 21, 2012  8:25 PM

CFPB: Filling the regulatory void left by Sheila Bair



Posted by: David Schneier
Add new tag, assess, assessment, assessments, bank, banking, banking crisis, banks, community bank, compliance, compliance officer, compliant, control, credit, credit card, data security, Dodd-Frank, economy, enterprise risk, enterprise risk management, ERM, exam, examination, examinations, examiner, examiners, exams, Federal Reserve Bank, FFIEC, financial, financial institutions, framework, information security office, lending, LinkedIn, mortgage, NCUA, NCUA Sheila Bair, NPPI, observations, oversight, personally identifiable informaiton, PII, policy, privacy, procedure, regulation, regulations, regulations audit, regulatory, regulatory guidance, risk assess, risk assessment, risk assessments, risk management, risk-based, risks, security PII, Sheila Bair, social security numbers, technology, third party management, third party oversight, vendor, Vendor Management, vendor risk, vendor risk assessment

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...


February 16, 2012  5:49 PM

BITS Shared Assessment – No Free Lunch.



Posted by: David Schneier
BITS, COBIT, compliance, GLBA, ISACA, ITGI, NCUA, regulatory, Regulatory Compliance, Shared Assessement, SIG, Vendor Management, vendor risk, vendor risk assessment

On Monday the BITS Shared Assessment was free, on Tuesday it cost $5,000 per year (at a minimum). My first thought was that it was just like what drug dealers do - they give you free product until you're hopelessly addicted and then start making you pay to feed that addiction.  My second...


November 18, 2011  12:22 PM

Why vendor management is a big GLBA deal.



Posted by: David Schneier
assessment, Audit, compliance, FDIC, Federal Reserve Bank, FRB, GLBA, NCUA, OCC, OTC, regulations, regulatory, Regulatory Compliance, risk, risk assessment, vendor, Vendor Management, vendor risk, vendor risk rating

I don't think I'm due to post about vendor management again at least until January 2012 (I try to limit topics to twice a year) but I've had something kicking around my head for a few days now and it needs a proper vetting. Does anyone know why vendor management is such a big issue for banking...


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