The Agencies are responsible for the administration, coordination, oversight, and implementation of the supervisory program for the largest, systemically important TSPs: the MDPS program. The program represents a cooperative arrangement among the Agencies for the achievement of shared and consistent supervisory goals and objectives.
As a general rule, a TSP is considered for the MDPS program when the TSP processes:
- mission-critical applications An application or system is mission-critical if it is vital to the successful continuance of a core business activity. An application also may be mission-critical if it interfaces with a designated mission-critical system. Products of software vendors also may be mission-critical. for a large number of financial institutions that are regulated by more than one Agency, thereby posing a high degree of systemic risk; or
- from a number of data centers located in different geographic regions.
Regional TSP Program