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Federal Reserve, FDIC, OCC Propose New Risk Management Guidance


Monday, July 19, 2021
On July 13, the Federal Reserve, FDIC, and OCC proposed risk management guidance to help banking organizations manage risks related to third-party relationships, including relationships with vendors, FinTech companies, affiliates, and the banking organizations’ holding companies.  The proposal is based on existing but disparate third-party risk management guidance from the three prudential regulators, and is intended to promote consistency across the banking agencies.  If finalized, it will replace the guidance that each agency has released independently.
The proposal addresses key components of third-party risk management, including:
Planning. Identify the banking organization’s strategy, risks associated with the business arrangement, how to select, assess, and oversee the third party. ....

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Federal banking agencies issued proposed guidance on risk management for third-party relationships | Ballard Spahr LLP

Federal banking agencies issued proposed guidance on risk management for third-party relationships | Ballard Spahr LLP
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Die juristische Presseschau vom 13. bis 14. Mai 2021: Justizministerin im Gespräch / Interpol-Fahndung und Doppelbestrafung / Ermittlungen gegen Kanzler Kurz

Die juristische Presseschau vom 13. bis 14. Mai 2021: Justizministerin im Gespräch / Interpol-Fahndung und Doppelbestrafung / Ermittlungen gegen Kanzler Kurz
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