I. Introduction The Federal Financial Institutions Examination Council (FFIEC) is a regulatory body that plays a crucial role in supervising financial institutions in the United States. Established in 1979, the FFIEC is composed of several regulatory agencies, including the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and others. Its primary objective is to develop uniform principles, standards, and report forms for the federal examination of financial institutions. In this article, we will explore the FFIEC’s role in regulating and supervising financial institutions. We will answer several questions, including what the FFIEC is, what it does, how it coordinates regulatory activities across its member agencies, what types of institutions it regulates and supervises, and what the FFIEC Cybersecurity Assessment Tool (CAT) is, and how it helps financial institutions assess and manage their cybersecurity risks. Let’s dive in! II. What is the FFIEC and what does it do? The FFIEC is a regulatory body that supervises financial institutions in the United States. It was established in 1979 to promote uniformity in the supervision of financial institutions and to improve the efficiency of the federal examination process. The FFIEC is composed of several regulatory agencies, including the … Continue reading The FFIEC: Regulating and Supervising Financial Institutions to Maintain a Safe and Sound Financial System