SR 23-3 / CA 23-4: One Agile Supervision Solution External Portal to be Utilized for Information Exchange During Supervisory Events

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SR 23-3 / CA 23-4: One Agile Supervision Solution External Portal to be Utilized for Information Exchange During Supervisory Events

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM WASHINGTON, D.C. 20551

DIVISION OF SUPERVISION AND REGULATION

DIVISION OF CONSUMER AND COMMUNITY AFFAIRS

SR 23-3 / CA 23-4

May 8, 2023

TO THE OFFICER IN CHARGE OF SUPERVISION AT EACH FEDERAL RESERVE BANK

SUBJECT:

One Agile Supervision Solution External Portal to be Utilized for Information Exchange During Supervisory Events

Applicability: The information contained in this letter is relevant to all institutions supervised by the Federal Reserve.

The purpose of this letter is to inform Federal Reserve-supervised institutions, their authorized representatives, and other key stakeholders that the Federal Reserve plans to use an external portal through the One Agile Supervision Solution (OASiS) application to exchange information related to examinations or supervisory events. The OASiS external portal will allow supervised institutions and regulators to securely communicate and exchange examination-related documents. The implementation of the OASiS external portal will be phased in over a period of two to three years, beginning in the second quarter of 2023. Federal Reserve supervisory staff will inform supervised institutions and regulators that may be impacted by this implementation.

OASiS is a cloud-based platform utilizing Login.gov, a secure sign-in service run by the federal government, which allows authorized individuals to access participating government agency websites. OASiS will replace certain secure correspondence channels currently used for exchanging information relevant to supervisory events. OASiS aims to streamline the secure exchange of information between supervised institutions and regulators by consolidating these functions into a secure platform. Consolidating these multiple functions into a single secure portal is expected to minimize the risks of data loss and corruption associated with other correspondence channels. The OASiS external portal will provide users with direct access to information requests from the Federal Reserve and enable them to respond to these requests within the portal. Supervised institutions and other regulators will be able to upload and securely access relevant files and Federal Reserve-generated documents through an authorized account.

Federal Reserve supervisory staff will provide specific instructions for responding to information requests to representatives at supervised institutions prior to the start of a planned supervisory event or activity. For supervisory events that are conducted using OASiS, firm contacts and participating regulators will be advised to use the external portal. For supervisory events that are not conducted using OASiS, firm contacts and participating regulators will be advised to continue using existing correspondence methods. All users will have access to technical instructions and technical support to address questions regarding OASiS access, registration, and the information exchange process.

Reserve Banks are asked to distribute this letter to the supervised institutions in their districts and to appropriate supervisory staff. In addition, questions regarding this letter may be submitted via the Board’s public website. 1

signed by Michael S. Gibson Director Division of Supervision and Regulation

signed by Eric S. Belsky Director Division of Consumer and Community Affairs

Attachments:

Answers to Frequently Asked Questions Regarding OASiS

Notes:

See http://www.federalreserve.gov/apps/contactus/feedback.aspx . Return to text.

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Last Update: May 08, 2023