Browsing: Risk management

Newsbytes Regulators: Banks need strong due diligence in third-party relationships

Federal regulators are seeing banks enter a growing number of third-party relationships to provide technology services, so it is important for those institutions to make sure their third-party risk management practices are sound to avoid potential supervisory problems down the road, representatives from four banking agencies said.

Compliance and Risk Future-forward compliance

The bank compliance function stands on the brink of fundamental change driven by digital technology. This transformation has already begun and is likely to accelerate sharply as generative AI drives new thinking about both the compliance challenges and the compliance solutions of the future.

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