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NASCUS Invited to Join FBIIC

ARLINGTON, Va. - NASCUS was invited by Assistant Secretary of the Treasury Wayne Abernathy to become a member of the Financial and Banking Information Infrastructure Committee (FBIIC). In extending the invitation, Abernathy noted that NASCUS "serves key areas in the financial service sector and has responsibilities consistent with the goals...

By Staff Writer | Updated on August 31, 2004

ARLINGTON, Va. – NASCUS was invited by Assistant Secretary of the Treasury Wayne Abernathy to become a member of the Financial and Banking Information Infrastructure Committee (FBIIC). In extending the invitation, Abernathy noted that NASCUS “serves key areas in the financial service sector and has responsibilities consistent with the goals of FBIIC.” Sponsored by the President’s Working Group on Financial Markets, FBIIC coordinates public sector efforts to improve the reliability and security of the U.S. financial system. Specifically it coordinates efforts among its members to identify critical components of the U.S. financial infrastructure; remediates vulnerabilities; and evaluates progress. FBIIC also creates procedures and systems to allow federal and state regulators to communicate among themselves and the private sector during times of crisis. In addition to NASCUS, FBIIC counts among its members: Commodity Futures Trading Commission; Conference of State Bank Supervisors; Department of the Treasury; Farm Credit Administration; FDIC; Federal Housing Finance Board; Federal Reserve Bank of New York; Federal Reserve Board of Governors; Homeland Security Council; NAIC; NCUA; OCC; Office of Federal Housing Enterprise Oversight; OTS; SEC; and Securities Investor Protection Corporation.

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