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.
Tag: Third-party risk
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 ...
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 ...
Top 10 takeaways from the interagency third-party risk management guidance
All banks should conduct a gap analysis to identify opportunities to strengthen their TPRM programs and align them with the ...
A different approach to bank-fintech partnerships
Banks, third-party providers of all sizes and, most importantly, customers could benefit from a new oversight establishment for the rapidly ...
Banking in the cloud: Mitigating the regulatory and security risks
As Treasury plans to take a number of steps to assist financial institutions in reducing risk from the operational disruption ...
How banks are using middleware to advance innovation
Legacy technology continues to hamper banks, but new middleware solutions can help banks onboard promising new technology without replacing their ...
Fed’s Bowman calls for greater regulator scrutiny of outsourced banking services
As banks become increasingly reliant on third-party service providers, Federal Reserve Governor Michelle Bowman said bank regulators should “consider the ...
Head in the clouds
What’s next for ensuring the resilience of the critically important cloud service provider sector?
Staving off tech litigation with smarter contracts
Contracts are risk-management tools, especially as millions of dollars in liability—and the bank’s reputation and customer relationships—can be at stake.
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