Federal Financial Institutions Examination Council
Representatives from the Federal Reserve, FDIC, NCUA, and other federal financial regulatory agencies make up the Federal Financial Institutions Examination Council (FFIEC), a regulatory organization in the United States. The FFIEC creates rules, standards for examinations, and processes to maintain consistency in the supervision and regulation of financial institutions. Through the coordination of financial institution examinations, including those of banks and credit unions, it seeks to guarantee the stability and safety of the financial system. By working together, the FFIEC improves regulatory supervision’s efficacy and uniformity, which supports the financial sector’s stability.