Regulatory Alerts2022-05-20
Uniform Rating System for Information Technology (URSIT) Composite Ratings
Regulators issue the Uniform Rating System for Information Technology (URSIT) to evaluate financial institutions and service providers based on audit, management, development, and support components. The framework defines five composite ratings ranging from 1 to 5, where lower scores indicate strong performance and higher scores reflect increasing supervisory concerns and operational deficiencies. Each rating level specifies distinct criteria regarding risk management, strategic planning, financial condition, and the likelihood of institutional failure or need for enforcement action.
Share