Third-Party Relationships: The OCC Gets Serious in Its New BulletinNagle, Timothy
New OCC Bulletin on Third-Party Oversight Highlights Fintech Relations...Mark T. DabertinRichard P. EckmanAvinoam D. Erdfarb
ISSUE 4 OCC Clarifies Its Expectations in Updated Guidance for Handling Third-Party Relationships In October 2013, the Office of the Comptroller of the Currency (OCC), the U.S. regulator of national banks, issued Bulletin 2013-29—guidance for assessing and managing risks associated with third-...
partyriskguidancemanagementupdates风险管理 OCCUpdatesGuidanceonThird-PartyRiskManagementNovember12,2013OnOctober30,2013,theOfficeoftheComptrolleroftheCurrency(the“OCC”)issuedupdatedguidancetonationalbanksandfederalsavingsassociationsonassessingandmanagingrisksassociatedwiththird-partyrelationships,whichincludeallbusinessarran...
On June 6, 2023, the FDIC, FRB and OCC collectively issued a document entitled, “Interagency Guidance on Third-Party Relationships: Risk Management” (“2023 Guidance”). Prior to this, each of these agencies had issued separate guidance on third-party risk. This 2023 Guidance replaces those...
Topics include Dodd-Frank Wall Street Reform and Consumer Protection Act, management of service provider relationships by banks and nonbanks, and American Land Title Association's effort to review the Bulletin.LiputAndrewProbate & Property