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Comments due: FDIC, Federal Reserve, OCC (proposed guidance; risk management of third-party relationships)

October 18

The Federal Reserve Board, Federal Deposit Insurance Corp. (FDIC), and Office of the Comptroller of the Currency (OCC) seek comments from the public on proposed guidance on managing risks associated with third-party relationships. The agencies propose a framework they say is based on sound risk management principles for banking organizations to consider in developing risk management practices for all stages in the life cycle of third-party relationships “that takes into account the level of risk, complexity, and size of the banking organization and the nature of the third-party relationship.”

Reg lookup: Proposed Interagency Guidance on Third-Party Relationships: Risk Management


October 18
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