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Get the free New FFIEC Social Media 2.24.14 - Indiana Bankers Association

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Webinar Seminar presented by Indiana Bankers Association Partnering with Financial Ed New FAFIEC Social Media Guidance: Regulatory Compliance, Risk Assessment & Examiner Expectations Monday, February
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How to fill out new FFIEC social media:

01
Start by gathering all the necessary information and documents needed to fill out the FFIEC social media form.
02
Carefully read through the instructions provided on the form to ensure that you understand the requirements and guidelines for compliance.
03
Begin by providing basic information about your institution, such as the name, address, and contact details.
04
Next, specify the social media platforms that your institution utilizes and provide the corresponding URLs or handles.
05
Indicate the primary purpose of each social media platform used by your institution, whether it is for marketing, customer service, or branding.
06
Provide an overview of your social media risk management program, outlining the policies and procedures implemented to ensure compliance with regulatory and legal requirements.
07
Outline the roles and responsibilities of the individuals involved in managing the social media accounts, including their titles and contact information.
08
Describe the training and education programs that are in place to ensure employees are knowledgeable about the risks and compliance with social media usage.
09
Detail the monitoring and reporting processes that your institution follows to identify and address any potential issues or violations on social media platforms.
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Finally, review all the information provided on the form to ensure accuracy and completeness before submitting it to the appropriate regulatory authority.

Who needs new FFIEC social media:

01
Financial institutions, including banks, credit unions, and other entities regulated by the FFIEC.
02
Institutions that utilize social media platforms for marketing, customer engagement, or other business purposes.
03
Organizations that want to ensure compliance with the FFIEC guidelines and regulations regarding social media usage in the financial sector.
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The new FFIEC social media guidelines is a set of rules and regulations issued by the Federal Financial Institutions Examination Council to provide guidance on the use of social media by financial institutions.
Financial institutions such as banks, credit unions, and other regulated entities are required to file the new FFIEC social media guidelines.
The new FFIEC social media guidelines can be filled out by following the instructions provided by the FFIEC and submitting the required information online or through other specified means.
The purpose of the new FFIEC social media guidelines is to ensure that financial institutions are using social media in a safe and compliant manner, protecting consumers and maintaining the reputation of the institution.
The new FFIEC social media guidelines require financial institutions to report information such as social media policies, risk management processes, audit and compliance programs, and training programs.
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