New Integrated Third-Party Risk Management Guidance from the OCC, Federal Reserve, and FDIC
Blog
by Gary Roboff, Senior Advisor | June 22, 2023 | Guidance, Public Policy
Regulators have developed “principles-based guidance that provides a flexible, risk-based approach to third-party risk management that can be adjusted to the unique circumstances of each third-party relationship.” On June 6th, less than 20 months after comments closed, the Federal Reserve, The Office of the Comptroller…
Federal Reserve Issues New Guidance on Managing Outsourcing Risk
Blog
December 10, 2013 | News
On December 5th the Federal Reserve issued a new Guidance on Managing Outsourcing Risks. The Guidance identifies the six (6) primary types of risk and how they should be addressed. Read the Guidance on Managing Outsourcing Risk
Comments Invited on Federal Banking Agency Enhanced Cyber Risk Management Standards
Blog
October 19, 2016 | Cyber Risk, Data, Data Protection, Office of the Comptroller of the Currency (OCC), Third Party Risk, Third Party Risk Management
The three federal banking regulatory agencies, the Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency, announced an advance notice of proposed rulemaking (ANPR) regarding enhanced cyber risk management standards for large and interconnected entities under their…
Inflation Risk: High Interest Rates, Possible Stagflation – Is Your Risk Plan Ready?
Blog
by Joe Prochaska, Board Member, The Santa Fe Group | July 4, 2022 | Business Continuity, Corporate Culture, Incident Reponse
Paying more at the gas pump? Are those groceries costing you more than even a few weeks ago? Are the raw materials your company relies upon costing more? Are you debating or actually raising your prices to your customers? Are your stakeholders nervous? An Unsettled…
Request For Comments – Interagency Guidance for Third Party Risk Management
Blog
by Gary Roboff, Senior Advisor | August 4, 2021 | Guidance, Public Policy
Three of the four federal banking regulators have launched an extremely important effort to refresh and harmonize third party risk management guidance for financial institutions in the United States (the comment period closes on September 17th). Shared Assessments plans to respond to the request for…