Tag: third_party_risk_management
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OCC Proposes Tailored Third-Party Risk Management Guidance for Community Banks
The OCC proposed guidance tailoring third-party risk management to actual risk and issued a joint statement clarifying supervision of core service providers, part of its community bank burden-reduction push.
BusinessPolitics and GovernmentUSABankingFederal GovernmentEconomyLegal Office of the Comptroller of the Currencycommunity banksthird-party risk managementJonathan V. Gouldcore service providersbank supervisionregulatory burdenOffice of the Comptroller of the Currency (OCC)
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OCC, Fed and FDIC Clarify Risk-Based Supervision of Core Providers Serving Community Banks
Three federal banking agencies issue a joint statement clarifying how they will supervise core providers to community banking organizations and when enforcement action may follow.
BusinessPolitics and GovernmentUSABankingFederal GovernmentLegalEconomy Office of the Comptroller of the CurrencyFederal Reserve BoardFederal Deposit Insurance Corporationcommunity banking organizationscore providersrisk-based supervisionthird party risk managementOffice of the Comptroller of the Currency (OCC)
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OCC and Federal Regulators Propose New Third-Party Risk Management Guidance
OCC, with the Federal Reserve, FDIC and NCUA, issues proposed guidance revising third-party risk management rules, aiming to help banking organizations tailor practices to assessed risk levels.
BusinessPolitics and GovernmentUSABankingFederal GovernmentFinancial MarketsLegal Office of the Comptroller of the CurrencyThird-Party Risk ManagementFederal ReserveFederal Deposit Insurance CorporationNational Credit Union AdministrationBanking RegulationOCC Bulletin 2026-46Office of the Comptroller of the Currency (OCC)
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Four Federal Regulators Seek Comment on Proposed Third-Party Risk Management Guidance
FDIC, Federal Reserve, NCUA and OCC request comment on principles-based, non-binding guidance for banks' third-party relationships, plus a statement on community bank core service providers.
BusinessPolitics and GovernmentUSABankingFederal GovernmentFinancial MarketsLegal Office of the Comptroller of the CurrencyFederal Deposit Insurance CorporationFederal Reserve BoardNational Credit Union Administrationthird-party risk managementcommunity bankscore service providersOffice of the Comptroller of the Currency (OCC)
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Federal Reserve and Agencies Seek Comment on Third-Party Risk Management Guidance
Federal banking agencies propose new third-party risk management guidance for comment and issue a statement on community bank engagement with core service providers.
BusinessPolitics and GovernmentBankingFederal GovernmentEconomyLegal Federal Reserve Boardthird-party risk managementcommunity bankscore service providersbanking regulationpublic commentBoard of GovernorsU.S. Federal Reserve