Recent FDIC guidance points to steps banks can take to beef up their vendor agreements.
Browsing: Third-party risk
Federal Reserve Governor Michelle Bowman today expressed concern that regulatory complexities and compliance issues could be hindering community banks’ approach to innovation.
The FDIC issued a letter to all banks today outlining gaps that some examiners had noted in banks’ contracts with technology vendors and reiterating regulatory requirements for these contracts.
Exposure to rising corporate debt — including bonds and loans — was among several key risk themes identified by the OCC in its semiannual risk report released today.
As the Treasury Department renewed economic sanctions against the Iranian regime today, the Federal Financial Institutions Examination Council issued a joint statement alerting banks of potential effects on information technology and other operations.
As long as banks have existed, they’ve deployed innovative technology to better serve their customers and improve efficiency. On the latest episode of the ABA Banking Journal Podcast, two leading bankers discuss distinct approaches to partnering with fintech firms today.
Thinking beyond the fallout from a cyber incident.
The OCC today released its bank supervision operating plan for fiscal year 2019, identifying what each of the agency’s supervisory operating units will focus on for the new federal fiscal year starting on Oct. 1.
Bankers weigh the pros and cons of shared due diligence services.
The Financial Accounting Standards Board has issued a draft proposal allowing companies to capitalize certain implementation costs relating to new systems that operate on cloud technology, an issue that was first raised to FASB by members of the American Bankers Association’s Accounting Administrative Committee.