Direct Source News

Unfiltered Direct Source News From Governments & Companies


Please enable JavaScript if it is disabled in your browser or access the information through the links provided below.

September 07, 2021

Agencies extend comment period on proposed risk management guidance for third-party relationships

  • Board of Governors of the Federal Reserve System
  • Federal Deposit Insurance Corporation
  • Office of the Comptroller of the Currency

For release at 10:30 a.m. EDT

The federal bank regulatory agencies announced on Tuesday that they will extend until October 18, 2021, the comment period on proposed guidance designed to help banking organizations manage risks associated with third-party relationships, including relationships with financial technology-focused entities. The proposed guidance is intended to assist banking organizations in identifying and addressing the risks associated with third-party relationships and responds to industry feedback requesting alignment among the agencies with respect to third-party risk management guidance.

The agencies extended the comment period to allow interested persons more time to analyze the issues and prepare their comments. Originally, comments were due by September 17, 2021.

Last Update:
September 07, 2021

Source link

Author: Editor
Editor represents multiple online news sites, including STL.News, RSSNews.Press and more. We believe that our "direct source news" concept helps provide accurate information to the public without bias. We want to help improve technology so the news is presented as it was intended to be.