The Federal Financial Institutions Examination Council (FFIEC) issued a statement announcing best practices for requesting examination information from supervised entities, and a common authentication solution for secure access to the FFIEC members’ supervision systems.

The statement presents the results of the final phase of the Examination Modernization Project in which FFIEC members addressed the feedback provided by supervised entities regarding examination requests and authentication requirements for FFIEC members’ supervision systems.

The project was initiated in response to a review of regulations under the Economic Growth and Regulatory Paperwork Reduction Act . 

The statement presents the results of this final phase, in which the FFIEC members

• Developed and committed to implementing principles for examination information requests, and
• Developed a common authentication mechanism for external access to the FFIEC members’ respective supervision systems.