Supervisory Policy and Guidance Topics
Operations risk often arises from fraud, or other unanticipated events resulting in the institutionís inability to deliver products or services. This risk exists in each product and service offered. The key to controlling operational risk from fraud-related activities lies in adapting effective policies, procedures, and controls to meet these risk exposures. Basic internal controls including segregation of duties, dual controls, and reconcilements remain important. Information security controls, in particular, become more significant requiring additional processes, tools, expertise, and testing.Sections on this page:
- SR 10-11
- Interagency Examination Procedures for Reviewing Compliance with the Unlawful Internet Gambling Enforcement Act of 2006
- SR 05-26
- Special Post-Employment Restriction Set Forth in the Intelligence Reform and Terrorism Prevention Act of 2004
- SR 04-3
- Debt Elimination Scams
- SR 01-11 (SUP)
- Identity Theft and Pretext Calling
- SR 99-7 (SPE)
- Supervisory Guidance Regarding the Investment of Fiduciary Assets in Mutual Funds and Potential Conflicts of Interest
- SR 96-27 (SUP)
- Guidance on Addressing Internal Control Weaknesses in U.S. Branches and Agencies of Foreign Banking Organizations through Special Audit Procedures
- SR 93-64 (FIS)
- Credit Card-Related Merchant Activities
- SR 93-13 (FIS)
- Violations of Federal Reserve Margin Regulations in Custodial Agency Accounts Resulting From "Free-Riding" Schemes
- The Detection and Deterrence of Mortgage Fraud Against Financial Institutions: 2009 Mortgage Fraud White Paper (FFIEC)
Bank Holding Company Supervision Manual
- Section 2010.9, "Supervision of Subsidiaries (Required Absences from Sensitive Positions)"
- Section 2124.5, "Identity Theft Red Flags and Address Discrepancies"
- Section 2160.0, "Recognition and Control of Exposure to Risk"
Commercial Bank Examination Manual
- Section 2130.3, "Consumer Credit: Examination Procedures"
- Section 4063.1, "Electronic Banking"
- FFIEC IT Examination Handbook InfoBase
Last update: May 11, 2016