2 Events

FFIEC Industry Outreach Webinar with the Financial Crimes Enforcement Network (FinCEN) on Rising Email Compromise Fraud Schemes

FFIEC Industry Outreach Webinar with the Financial Crimes Enforcement Network (FinCEN) on Rising Email Compromise Fraud Schemes

Current trends in email compromise fraud, as well as control considerations that may help institutions better protect themselves and their customers from this growing cyber threat.

FinCEN discusses its “Updated Advisory on Email Compromise Fraud Schemes Targeting Vulnerable Business Processes” (FIN-2019-A005).  In addition, representatives from the FFIEC’s Cybersecurity and Critical Infrastructure Working Group, the BSA/AML Working Group, and the IT Subcommittee also share supervisory insights.

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FFIEC LIBOR and Alternative Reference Rates

FFIEC LIBOR and Alternative Reference Rates

Approximately $200 trillion of financial products and contracts reference LIBOR. The potential discontinuance of LIBOR as a benchmark and reference rate could impact your financial institution.

In this FFIEC Industry Outreach webinar, presenters provide an overview of the recent history of LIBOR as a reference rate, discuss the rate's uncertain future and associated risks to financial institutions.The presenters also provide context on the alternative reference rate.

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