US Banking Regulators Propose New Third-Party Risk Guidance

Four US federal financial regulators have proposed revised guidance for banks managing risks arising from third-party relationships. The Office of the Comptroller of the Currency (OCC), Federal Deposit Insurance Corporation (FDIC), Federal Reserve Board (FRB) and National Credit Union Administration 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 …