Compliance Center: FFIEC Issues Interbank Messaging and Wholesale Payment Network Advisory Statement

FFIEC recently released a statement advising financial institutions that actively manage the risks associated with interbank messaging and wholesale payment networks.

NCUA Releases Supervisory Letter on Enterprise Risk Management

The National Credit Union Administration (NCUA) recently released Supervisory Letter No. 13-12, which discusses the NCUA’s views on Enterprise Risk Management as one framework for managing risk, and the NCUA’s supervisory expectations with regard to credit unions’ risk-management programs.