An ABA Banking Journal special report
Browsing: Third-party risk
Cyber, third parties and regulatory changes continue to top the list.
Sen. Ed Markey (D-Mass.) weighed in today on the importance of security of customers’ financial data when they share it with third parties.
In a comment letter to the Treasury department yesterday, ABA provided extensive feedback on several Bank Secrecy Act and anti-money laundering regulations that could be eliminated, modified or streamlined to reduce the compliance burden on banks in response to an executive order issued by President Trump earlier this year.
Five areas for financial institutions to consider when evaluating their IT security approach.
The OCC is focusing on credit risk, compliance risk and strategic risk as its top supervisory priorities at community and midsize banks, according to the agency’s Semiannual Risk Perspective report released today.
Useful insights banks can and should leverage during the contracting process.
Responding to several questions flagged by ABA, the OCC today issued a set of frequently asked questions to help bankers implement the agency’s 2013 guidance on managing risk associated with third-party relationships.
The FDIC today announced that it is adopting the supervisory guidance on managing “model risk” that was previously issued by the Federal Reserve and the OCC in 2011.