In early June 2023, the Federal Reserve System, Federal Deposit Insurance Corporation (FDIC), and Office of the Comptroller of the Currency (OCC) published guidance…
Effective third-party risk management recognizes that vendor relationships bring both value and potential risk exposure. Thatās why integrated risk management ā coordinating efforts and…
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 haveĀ recentlyĀ releasedĀ interagency guidance on managing risks associated with third-party relationships.āÆĀ Ā TheĀ proposedĀ guidance offersĀ a framework based on sound risk management principlesĀ and…
As organizations navigate a changing risk landscape, having an established culture of governance and compliance is crucial for successful third-party risk management (TPRM). To…