FDIC, FRB, OCC: Banking Regulators Release Guidance on Third Party Partnerships
Cooley | Jun 15, 2023 Banking regulators release comprehensive guidance on managing risks and maximizing benefits in third-party partnerships, urging banks to adopt a risk-based approach tailored to the complexity and level of risk associated with each partnership. Risk-based approach to third-party partnerships It emphasizes that not all partnerships require the same level of oversight
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