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. That’s why integrated risk management — 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 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…
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…