U.S. Financial Interagency Guidance on Third-Party Relationships: Best Practices Guide

In July 2021, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) proposed uniform guidance on managing risks associated with third-party relationships in banking organizations. With the proposed guidance set to be finalized in 2023, and compliance expected with 12 months, now is the time for regulated banks to review its recommendations and determine how their third-party risk management (TPRM) programs will be impacted.

The U.S. Financial Interagency Guidance on Third-Party Relationships: Best Practices Guide examines the requirements that organizations should be prepared to address at each stage of a third-party relationship and offers best practices to simplify TPRM. Download the guide now to:

• Get an overview of the proposed Interagency Guidance on Third-Party Relationships: Risk Management
• Uncover actionable TPRM best practices for the 5 stages third-party relationships detailed in the guidance
• Understand how an automated TPRM platform can simplify your compliance initiatives

This 13-page guide is ideal for any risk management or compliance professional who needs to prepare for upcoming U.S. federal banking regulations.