Interagency Policy on Strategic Information Systems Planning for Financial Institutions - FFIEC

GuidanceFederal Financial Institutions Examination Council (FFIEC)Risk Management

This policy issuance alerts all financial institutions to the importance of strategic information systems planning and its role in overall corporate management and planning. It identifies management's responsibilities in preparing strategic plans for their information systems requirements.

BACKGROUND

Information is a valuable corporate asset which is vital to the success of all financial institutions. The ability to remain competitive, introduce new products and services, and attain desired corporate goals often depends on the effective management of information systems technology.

Corporate level strategic planning is important in all financial institutions to effectively utilize available resources and achieve the long term goals and objectives of the organization. Strategic information systems planning is integral to the overall corporate strategic planning process and must support individual business strategies throughout the institution. The information systems strategic plan should address technology risks affecting all areas of operation, including contingency planning and disaster recovery, information security, systems and programming, computer operations, and end-user computing.

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