Interagency Guidance on Third-Party Relationships: Best Practices Guide

In June 2023, 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) issued uniform guidance on managing risks associated with third-party relationships in banking organizations. With uniform guidance now in place, it is time for regulated banks to review the guidance and determine how their third-party risk management (TPRM) programs will be impacted.

The Interagency Guidance on Third-Party Relationships: Best Practices Guide examines the requirements that organizations need 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 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 14-page guide is ideal for any risk management or compliance professional who needs to address U.S. federal banking regulations.