United States: The FFIEC publishes the IT booklet “Architecture, Infrastructure and Operations”
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In an updated Information Technology Review Handbook brochure, the Federal Financial Institutions Review Board (“FFIEC”) describes “enterprise-wide process-based approaches” for the design of the technology within a corporate structure, the implementation of the IT infrastructure and the delivery of services for clients. The booklet entitled “Architecture, Infrastructure and Operations” (“AIO”) replaces the “Operations” booklet of July 2004 and reflects the evolution of the technological environment and the growing need for IT security.
The brochure addresses, among other things, (i) the processes for handling an entity’s risk profile, (ii) the principles reviewers should use when assessing the provision of financial products and services, (iii) overseeing the management of AIOs; and (iv) practices for IT and operations related to safety and soundness, and financial consumer protection.
- FFIEC Information Technology Review Manual: “Architecture, Infrastructure and Operations”
- CFPB Press Release: Financial Regulators Update Reviewer’s Guidelines on Financial Institutions Information Technology Architecture, Infrastructure and Operations
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