Cyber & IT Supervisory Forum - November 2023

Confidential – For Interagency Use Only

Internal Use Only

5 A Memorandum of Understanding (MOU) defines the framework for how the Fed, FDIC and CSBS will participate on a joint technology effort, including business-led governance, initial scope and longer-term goals, the services the Fed will provide to the other agencies, and MOU exit procedures. Each agency is in the process of signing the MOU. Summary of Interagency MOU Key Points • First Release: Will focus on credit review for CBO-RBO exams. Long-Term: Implement broader capabilities to retire ETS product (ROE) and support common E2E processes.

• Fed will provide product management, technology delivery, and ongoing user support, at an incremental cost.

• Each agency will be an equal business partner in product decision-making (similar to successful SNC governance model).

• Business Led: a Product Advisory Group (PAG) and oversight committee will provide business direction.

5

Confidential – For Interagency Use Only

Internal Use Only

Governance

6

6