KRIs for Vendor Performance

by Sabine Zimmer | September 16, 2020 | Third Party Risk Management, Vendor Oversight,

Shared Assessments’ Vertical Strategy Groups (VSGs) from the Asset Management, Financial Institution and Insurance sectors have been exchanging views on Vendor Performance in the post COVID-19 landscape. The VSG groups have approached Vendor Performance from a radar paradigm considering risks from ....

OCC Releases Guidance on Third Party Relationships (OCC 2013-29)

October 31, 2013 | Regulations, Regulatory Compliance, Third Party Risk, Vendor Oversight, Vendor Security

Yesterday the OCC released its long awaited Guidance on Third-Party Relationships (OCC 2013-29). Notably, this Guidance, posted below, rescinds OCC Bulletin 2001-47, “Third-Party Relationships: Risk Management Principles,” and OCC Advisory Letter 2000-9, “Third-Party Risk.” The Guidance int ....

The Ever Present Need for Effective and Proactive Vendor Oversight – FDIC Advisory

October 16, 2013 | Vendor Oversight

The FDIC Advisory Committee on Community Banking meeting in July 2013 included an extensive discussion of the responsibility of banks in ensuring their vendors consistently meet privacy and other information security regulations and requirements. ((Established in May 2009, the Advisory Committee on ....