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Tuesday, June 20, 2017 8:58:45 AM
I asked for something that showed MFA was a Standard. Not a Guidance. !
And I provided it
Let me educate you a bit. FFIEC
The Council is a formal interagency body empowered to prescribe uniform principles, standards, and report forms for the federal examination of financial institutions by the Board of Governors of the Federal Reserve System (FRB)
I'll link the reference so you can see my DD
FFIEC for DUMMIES
See the part where the FFIEC is the body empowered to prescribe principals, standards and report forms for the federal examination of financial institutions.
They in fact set the standard, and literally write the book on IT exams for financial institutions at the state and federal level. so there you have it MFA INDUSTRY STANDARD SINCE 2001.
THIS IS MY FIELD FOR THE LAST 18 YEARS, GETTING READY FOR FFIEC FED AUDIT THIS FALL.
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