OCC Addresses Bank Collaboration, Fintech in Vendor Risk FAQs
Responding to several questions flagged by ABA, the OCC today issued a set of frequently asked questions to help bankers ...
Tag: Third-party risk
FDIC Adopts Supervisory Guidance on Model Risk Management
The FDIC today announced that it is adopting the supervisory guidance on managing “model risk” that was previously issued by ...
Top Risks for Banks in 2017
With interest rates on the rise and new leadership in D.C., risk conditions on the ground are considerably different today ...
Regulators Preview Forthcoming Third Party Guidance
Regulatory staff from the Federal Reserve, the FDIC and the Office of the Comptroller of the Currency shared their observations ...
Agencies Looking at Areas to Relieve Regulatory Burden
Regulatory agencies are seeking targeted ways to relieve regulatory burden, according to senior officials speaking at ABA’s Government Relations Summit ...
Incentive Compensation, Sales Practices High on Supervision Agenda
Examiners at the Consumer Financial Protection Bureau and the OCC remain intensely focused on incentive compensation and sales practices, particularly ...
ABA Makes Recommendations to Protect Customer Data When Shared
In a comment letter to the Consumer Financial Protection Bureau today, ABA offered several recommendations for protecting consumers’ financial information ...
FDIC Watchdog Highlights Gaps in Banks’ Vendor Contracts
Few banks’ contracts with technology service providers (TSPs) provide sufficient detail about the providers’ business continuity and incident response capabilities ...
OCC Focusing on Sales Oversight at Large Banks
In the wake of the scandal over fake accounts created at Wells Fargo, the OCC has added a strong emphasis ...
