• https://doi.org/10.1002/9781394250226.ch21Copy DOI Icon

Understanding US Regulatory Bodies

  • Mar 29, 2024
  • Jason Edwards +1 more
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Abstract

The Federal Financial Institutions Examination Council (FFIEC) is a government interagency body that sets the tone for cybersecurity within financial institutions across the United States. The FFIEC has a significant role in cybersecurity for financial institutions. The Office of the Comptroller of the Currency, a central entity in the regulatory framework of financial cybersecurity, is an independent bureau within the US Department of the Treasury. The Board of Governors of the Federal Reserve System, also known as the Federal Reserve Board, plays a significant role in the governance of US financial institutions. The Federal Deposit Insurance Corporation has played a substantial role in addressing cybersecurity risks by introducing a cybersecurity framework to protect consumers and the integrity of financial systems. The Securities and Exchange Commission is an independent federal government regulatory agency responsible for protecting investors, maintaining fair and orderly functioning of the securities markets, and facilitating capital formation.

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