Banking and Finance Sector-Specific Plan - U.S. Department of ...

More documents

Recommendations

Info

• The NCUA regulates Federally chartered credit unions and shares some supervision responsibility with the State Supervisory Authorities for the Federally insured State-chartered credit unions; • The OCC regulates national banks and the Federal branches and agencies of foreign banks; • The OFHEO regulates Fannie Mae and Freddie Mac; • The OTS regulates savings associations and savings and loan holding companies; • The SEC regulates investment companies, investment advisors, broker-dealers, transfer agents, securities markets, and securities clearing organizations. This is done in conjunction with SROs such as MSRB, NASD, and NYSE; • State insurance commissioners regulate insurance companies and producers; and • The Treasury Department develops the Administration’s economic and financial services sector policies. 1.2.2 Relationships with Private Sector Owner/Operators and Organizations The Treasury Department has formed a strong bond with the private sector through the FSSCC, the FS-ISAC, and the regional coalitions. Members of these private sector organizations include depository and lending institutions, as well as exchanges, trade associations, and other organizations within the sector. The Treasury Department also consults individually with these institutions on the development or implementation of various policies, such as enhancing the sector’s resilience. FSSCC Under the auspices of the FBIIC, the Treasury facilitated the creation of the FSSCC in June 2002 as the private sector arm of its protection strategy. The Treasury Department designates the Sector Coordinator for the Banking and Finance Sector, who as a matter of practice, is chosen by the FSSCC to be the chair of the FSSCC. The FSSCC, whose membership represents the sector through financial trade associations and organizations, fosters and facilitates the coordination of sector-wide financial services voluntary initiatives to improve critical infrastructure protection and homeland security. The organizations comprising the FSSCC hold the majority of the assets of the financial services sector and include financial institutions, trade associations, and regional partnerships. The FSSCC’s success is due to the strong commitment of its members and their significant time contribution by high-level executives who are focused on problem solving and driven by achievable outcomes. The following institutions and organizations are members of the FSSCC: Banking and Finance Sector-Specific Plan
Figure 1-2: FSSCC Members FSSCC Members America’s Community Bankers American Bankers Association American Council of Life Insurers American Society for Industrial Security International BAI BITS/The Financial Services Roundtable ChicagoFIRST Chicago Mercantile Exchange CLS Group Consumer Bankers Association Credit Union National Association Fannie Mae Financial Information Forum Financial Services Information and Sharing and Analysis Center (FS-ISAC), LLC Financial Services Technology Consortium Futures Industry Association Independent Community Bankers of America Investment Company Institute Managed Funds Association NACHA - The Electronic Payments Association National Association of Federal Credit Unions National Futures Association New York Board of Trade Securities Industry Association Securities Industry Automation Corporation The Bond Market Association The Clearing House The Depository Trust & Clearing Corporation The NASDAQ Stock Market, Inc. The Options Clearing Corporation Visa USA & Visa International The mission of the FSSCC is to: • Provide broad industry representation for critical infrastructure protection and homeland security (CIP/HLS) and related matters for the financial services sector and for voluntary sector-wide partnership efforts; • Foster and promote coordination and cooperation among participating sector constituencies on CIP/HLS-related activities and initiatives; Sector Profile and Goals
Page 1: Banking and Finance Critical Infras
Page 4 and 5: ii Banking and Finance Sector-Speci
Page 6 and 7: iv 2.2.5 Collecting Asset Data 25 2
Page 9 and 10: Executive Summary The Banking and F
Page 11 and 12: 3. Assess Risks Risk assessments ar
Page 13: Introduction According to Homeland
Page 16 and 17: and technological systems. These ex
Page 18 and 19: in various organized markets, from
Page 20 and 21: Figure 1-1: FBIIC Members FBIIC Mem
Page 24 and 25: • Identify voluntary efforts wher
Page 26 and 27: Continuity in the Financial Service
Page 28 and 29: The Banking and Finance Sector has
Page 30 and 31: system. All of the systemically cri
Page 32 and 33: linked to payments occurring in sys
Page 35 and 36: 3. Assess Risks Both the public and
Page 37 and 38: the FBIIC agencies identify financi
Page 39 and 40: 4. Prioritize Infrastructure In the
Page 41 and 42: 5. Develop and Implement Protective
Page 43 and 44: - The Treasury Department acquired
Page 45 and 46: work of the SSA and various public
Page 47: • In 2003, BITS and SIA drafted C
Page 50 and 51: 6.1.1 Developing Sector-Specific Me
Page 52 and 53: updates on the sector metrics in su
Page 54 and 55: 6 Implementation Action Milestone S
Page 56 and 57: • Understanding and Avoiding of t
Page 59 and 60: 8. Manage and Coordinate SSA Respon
Page 61: information. This information-shari
Page 64 and 65: NFA National Futures Association NI
Page 66 and 67: Federal Deposit Insurance Corporati
Page 68 and 69: Office of Comptroller of the Curren
Page 70 and 71: Department of the Treasury U.S. Cod
Page 72 and 73:
State Banking Law/Statute Maryland
Page 74 and 75:
National Association of Insurance C
Page 76 and 77:
Code & Regulations State URL §§ 5
Page 78 and 79:
Code & Regulations State URL §§ 3
Page 80 and 81:
State Statute Nebraska NE ST §§ 8
Page 82 and 83:
Date Title URL 08-05 Information Te
Page 84 and 85:
Date Title URL 08-01 Examination Pr
Page 86 and 87:
Federal Financial Institution Exami
Page 88 and 89:
Date Title URL 03-31 FFIEC Retail P
Page 90 and 91:
Date Title URL 12-05 Interagency Gu
Page 92 and 93:
National Credit Union Administratio
Page 94 and 95:
Date Title URL 09-01 NCUA Letter to
Page 96 and 97:
Date Title URL 05-04 Risk Managemen
Page 98 and 99:
Summary of Regulatory Guidance on E
Page 100 and 101:
Date Title URL 04-03 Interagency Gu
Page 103 and 104:
Appendix 3: FSSCC Research and Deve
Page 105 and 106:
1. Common operating picture archite
Page 107 and 108:
members are very active. One of the
Page 109 and 110:
K Financial information tracing is
Page 111:
SCC R&D Challenges vs. NIPP R&D The
show all

Banking and Finance Sector-Specific Plan - U.S. Department of ...

Create successful ePaper yourself

Delete template?

Save as template?