A dedicated function with new tools, training and skills is necessary for effective oversight.
Browsing: Third-party risk
In response to shifting market dynamics and increasing competition in the financial services industry, the Federal Reserve is contemplating changes to its framework for antitrust analysis, Fed Governor Michelle Bowman told attendees at the American Bankers Association’s virtual Conference for Community Bankers today.
A global pandemic, a struggling economy and a new administration throw wrenches into risk managers plans for the year ahead.
The Consumer Financial Protection Bureau today finalized the second part of its debt collection rule, which covers disclosures that debt collectors must provide to consumers pursuant to the Fair Debt Collection Practices Act.
When asked about threats specifically targeting banks, Federal Bureau of Investigation Director Christopher Wray urged banks to be wary of “cyber criminals targeting the vulnerabilities in third-party services” as a way in to financial institution data.
The Financial Stability Board today issued a paper on outsourcing and third-party risk management.
Business conditions were most often called the single biggest challenge facing community banks, according to an annual survey released yesterday by the Conference of State Bank Supervisors.
The American Bankers Association today outlined possible features of a public-private partnership that could certify third-party technology providers.
Five strategies for community and midsize banks weighing “what next?” for their core processing needs.
Financial innovation can deliver “tremendous benefits” to consumers and help minority depository institutions enhance participation in the mainstream financial system, FDIC Chairman Jelena McWilliams said today.