Agencies Seek Comment on Proposed Third-Party Risk Management Guidance and Issue Statement on Community Bank Engagement with Core Service Providers
Today the Federal Deposit Insurance Corporation, the Federal Reserve Board, the National Credit Union Administration, and the Office of the Comptroller of the Currency (collectively, the agencies) requested comment on proposed guidance to assist financial institutions with…
Today the Federal Deposit Insurance Corporation, the Federal Reserve Board, the National Credit Union Administration, and the Office of the Comptroller of the Currency (collectively, the agencies) requested comment on proposed guidance to assist financial institutions with…
BELLINGS Intelligence Score: 62
Why it matters
The proposed third-party risk management guidance from multiple federal agencies represents a significant regulatory development that could materially affect community banks' operational risk frameworks and examination burden, with broad implications for credit availability and underwriting standards in the banking sector.
Sources
OCC
Agencies Seek Comment on Proposed Third-Party Risk Management Guidance and Issue Statement on Community Bank Engagement with Core Service Providers
Today the Federal Deposit Insurance Corporation, the Federal Reserve Board, the National Credit Union Administration, and the Office of the Comptroller of the Currency (collectively, the agencies) requested comment on proposed guidance to assist financial institutions with…
Federal Reserve
Agencies seek comment on proposed third-party risk management guidance and issue statement on community bank engagement with core service providers
Agencies seek comment on proposed third-party risk management guidance and issue statement on community bank engagement with core service providers