Federal bank agencies release a guide to help community banks manage third-party relationship risks.
Federal bank regulatory agencies have released a guide to assist community banks in managing risks from third-party relationships. The guide provides potential considerations, resources, and examples through each stage of third-party relationships, emphasizing the need for banks to appropriately identify, assess, monitor, and control risks while ensuring safe and sound operations and compliance with laws and regulations.
May 03, 2024
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