Fall Regulatory Summit

Internal Use Only

Summary of Interagency MOU Defines the framework for how the Fed, FDIC and CSBS/States will participate on the 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.

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.