Cyber and Technology Risk Management Forum, Park City, UT

FFIEC: Examination Modernization Project

• Background: – Led by FFIEC Task Force on Supervision – Main objective: rethink traditional processes and make better use of technology to reduce burden and improve efficiency • Three work streams overseen by a Liaison Committee: – Examination Processes and Technology Working Group – Report of Exam (ROE) Content Working Group – UBPR Modernization (Task Force on Surveillance Systems) • Timeline: – Long term, at least three years

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FDIC: Examination Modernization Project

• Background

– Led by FDIC – Main Objective: think outside the box and discuss potential improvements and changes to the current supervisory process • Three Workstreams: – Exam Planning Project Team – Conceptual Design Project Team – Documentation Review Project Team • Timeline: – One year

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