WASHINGTON, Sept. 15 -- Office of the Comptroller of the Currency has issued a notice called: Proposed Third-Party Risk Management Guidance.
The notice was published in the Federal Register on Sept. 15 by Jonathan V. Gould, Comptroller of the Currency.
Summary: The OCC, Board, FDIC, and NCUA (collectively, the agencies) invite comments on this proposed third-party risk management guidance. The proposed guidance would reflect the agencies' supervisory experience and lessons learned through examining banking organizations' third-party risk management practices. In particular, the proposed guidance would discuss the potential benefits that may accrue when a banking organization aligns its third-party risk management practices in relation to ...