Watch Now: Web Seminar
New guidance to manage third-party risk: Are you ready?
On June 6, 2023, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Federal Reserve jointly published new requirements for banking organizations in managing the risk related to their third-party programs. These new requirements impact the banking organizations supervised by the agencies and set out not only the expectations of the agencies, but also a roadmap for how the agencies will conduct their examinations. Banking organizations must act now to assess their existing third-party risk management practices to ensure alignment with the new requirements.
- Expectations contained in the guidance
- Key changes and their impact on current practices
- Actions you must take and why
- Tools and best practices to manage third-party risk
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Preview the comparison of how the guidance has changed across the risk management lifecycle stages: