Risk & Compliance Roundup: Vendor Audits, Business Continuity & Operational Resilience
- April 4, 2025
- Quantivate
Welcome to your weekly roundup of risk and compliance management resources, brought to you by Ncontracts.
This edition covers topics including:
- Vendor audit rights explained
- How to use sample policies
- Defining recovery objectives for business continuity
- Understanding operational resilience
New from the Nsight Blog
TPRM 101: What are Audit Rights?
Do your vendor agreements include audit rights? This important aspect of third-party monitoring gives financial institutions the contractual right to ensure vendors are meeting their obligations and maintaining compliance with regulatory standards. Learn more about how securing audit rights can help your institution support healthy vendor relationships, plus tips for obtaining and using them effectively.
From Blueprint to Practice: 5 Tips for Implementing Sample Policies
Customizing sample policies can help financial institutions streamline policy adoption and support successful implementation. Explore five best practices to help you tailor policies to your institution’s unique needs and build a stronger foundation for governance and compliance.
Related Reading | How to Optimize Your Financial Institution’s Policy Development Process →
RTO vs. RPO for Business Continuity: What’s the Difference?
Understanding the difference between recovery time objectives (RTOs) and recovery point objectives (RPOs) is essential for building a strong disaster recovery plan at your financial institution. While an RTO focuses on how quickly you can restore operations, an RPO defines how much data you can afford to lose. This guide breaks down their key differences, real-world impacts, and how to integrate them into your business continuity strategy.
A Guide to Operational Resilience for Financial Institutions
This guide explores the relationship between operational resilience, business continuity, and disaster recovery, emphasizing the importance of governance and vendor management. By adopting a proactive approach to resilience, financial institutions can mitigate risks, strengthen defenses, and continue to thrive as they navigate changing threats and opportunities.