FFIEC Issues New Development, Acquisition and Maintenance Booklet

Posted: Sep 04 2024

The Federal Financial Institutions Examination Council has issued the Development, Acquisition and Maintenance booklet, which replaces the Development and Acquisition booklet issued in 2004. The DA&M booklet outlines principles and practices for managing development, acquisition and maintenance. It is part of the larger FFIEC Information Technology Examination Handbook.

The booklet describes the principles and practices that examiners review to assess an entity’s DA&M functions, according to an FDIC financial institution letter. It also helps examiners determine whether management adequately addresses risks related to DA&M and the delivery of critical financial products and services. It does not impose new requirements on examined entities.

To learn more, visit: https://www.fdic.gov/news/financial-institution-letters/2024/updated-ffiec-it-examination-handbook-development