FBIIC

AcronymDefinition
FBIICFinancial and Banking Information Infrastructure Committee
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FBIIC conducts vulnerability assessments of the retail payments system, government-sponsored enterprises (such as Fannie Mae, Freddie Mac, and the Federal Home Loan Banks), and the insurance industry--none directly addressed in the Structural Change report--and other improvements to financial resiliency.
Treasury has created a public-private partnership to ally with FBIIC, drawing together industry initiatives and coordinating private sector outreach for critical infrastructure protection and homeland security.34 Treasury efforts to reduce vulnerabilities include providing alternative lines of communication for market participants.
It is essentially a private-sector counterpart to FBIIC. Its members are banking and financial organizations, some of whom have self-regulatory oversight of their groups, and it covers most of America's finance.