Banks Face New Third-Party Risk Rules

US federal banking regulators have proposed revised guidance for third-party risk management, seeking to replace existing guidance with a more risk-based framework for banks and credit unions. The proposal was issued jointly by the Office of the Comptroller of the Read More …

FDIC Plans Standards Body for Bank-Fintech Partners

The Federal Deposit Insurance Corporation (FDIC) is working with banking and fintech industry groups to create an independent standard-setting organisation aimed at improving how banks assess fintech companies and other third-party service providers. Under a draft term sheet dated July Read More …