Framework, Industry Guidance, Regulations
Financial Services Industry Call to Action
The increased connectivity and complexity of critical infrastructure systems both nationally and globally puts economic and public security squarely at the forefront of risk management in every sector and industry vertical. A proactive stance is clearly required to establish best practices for more mature risk management programs industry-wide.
The financial services industry is in position to continue its leadership role in third party risk management, in order to improve the quality and efficiency of risk management programs at both the outsourcer and provider levels to collectively raise the bar and establish effective industry-wide risk management solutions.