Welcome to your weekly roundup of risk and compliance management resources, brought to you by Ncontracts. This edition includes: Third-party risk management insights Recent…
In early June 2023, the Federal Reserve System, Federal Deposit Insurance Corporation (FDIC), and Office of the Comptroller of the Currency (OCC) published guidance…
What Is Third-Party Risk Management? Third-party risk management (TPRM) involves creating a framework of policies, processes, and tools to manage and monitor the risk…
The Federal Reserve, FDIC, and OCC have recently released interagency guidance on managing risks associated with third-party relationships. The proposed guidance offers a framework based on sound risk management principles and…