More partners, more risk, more oversight
Education and expertise demands rise for boards amid growing oversight expectations for BaaS and fintech partnerships and other third party ...
Tag: Third-party risk
Report: FDIC considering recordkeeping requirements for bank-fintech partnerships
The FDIC is drafting a proposed rule to require banks to maintain ledgers of “for benefit of” accounts opened by ...
Basel Committee: Permissionless blockchains pose ‘novel’ risk challenges for banks
Banks that engage in digital asset transactions face risks that may require new approaches to risk management, according to a ...
Optimizing third-party risk
Third-party risk oversight is only getting more intense. Here’s how to keep up.
Fed’s Barr: Lack of third-party risk control can harm financial inclusion
Banks play a pivotal role in innovating to serve low- and moderate-income households, sometimes in partnership with financial technology companies, ...
The renewed focus on third-party risk management for banks
FDIC reminds banks that the competitive edge from partnering comes with caveats.
Agencies release third-party risk management guide for community banks
The Federal Reserve, FDIC and OCC released a new guide to help community banks develop and manage third-party risk management ...
Seven cybersecurity threats for banks in 2024—and some smart precautions
Cybercriminals are professionalizing and a new threat is on the rise.
Financial Stability Board releases third-party risk management toolkit
The Financial Stability Board released a guide for financial institutions and regulators on enhancing third-party risk management and oversight.
Reconsidering bank counterparty risk metrics and defenses
Companies are reviewing the mix of metrics they use to track the risk of bank counterparties, taking a variety of ...
