Deputy Seminar, Denver, CO

SSPC Principles (approved August 2017): • Improve the effectiveness of state regulators by: – Offer timely outreach & training through webinars, job aids, and regular communication. – Identify solutions to issues in certain states for the benefit of other states. – Leverage the state system’s inherent risk detection capabilities to advance a risk-focused approach to supervision • Be a source of tools and resources for the state examination workforce. Specifically: – Develop appropriate tools to support the state supervisory process and mitigate challenges faced by state regulators. – Ensure state regulators have access to data and intelligence that allows them to remain risk-focused, working through the CSBS Data Analytics Taskforce (DATa). – Ensure the state regulator view is considered during all interagency exam tool development initiatives. • Promote Consistency and Seamless supervision between financial services regulatory agencies both State and Federal by : – Leverage the expertise of the State Examiner Review Team and the CSBS Tech Committee to develop consistent views and approaches to examination and department challenges. – Coordinate supervisory processes between state and federal agencies. – Support and provide input into advocacy of the State Liaison Committee of the FFIEC, including the representatives of the FFIEC Taskforces.

SSPC 2018-2019 Priorities In addition to approved policy principles, the SSPC has identified the following priorities: 1. Work closely with the Performance Standards Committee (PSC) to develop and/or modify standards that are critical to the success of the CSBS Accreditation Program that promote consistency and high standards. 2. Develop strategies to address examination staffing challenges and other resource constraints. 3. Have an active role and drive the outcomes of the FFIEC Examination Modernization Initiative and workstreams. 4. Further the objectives in CSBS Vision2020 related to supervision, including enhancing the state role in TSP supervision (to include involvement in the Significant Service Provider (SSP) program. 5. Work with SERT/Risk ID team to draft and issue timely Bulletins and Spotlights. 6. Catalog and discuss state regulatory relief efforts and best practices. 7. Cybersecurity Priorities- As cybersecurity continues to evolve and impact the financial services sector, members will receive regular briefings on cybersecurity workstreams, concerns and threats; members will offer recommendations to other states to enhance state cybersecurity supervision. 8. Work closely with the NonDepository Trust Working Group to provide direction and guidance to enhance state supervisi0n of these entities.