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Recent announcements by the CFPB and updated guidance from the OCC indicate renewed concerns over third party risk management. As a result of regulatory scrutiny, financial institutions need to ramp up their risk management practices to better monitor and manage third party risk.
Third parties pose very real risks for financial institutions in many different areas, including operational risk, reputation risk, credit risk, liquidity risk, strategic risk and many others.
View this complimentary session where the presenters covered:
Chief Risk Officer