History

There are 2 versions of this glossary term.

2. Regulatory Risk

Determining the risk rating, based on guidance like the Interagency Guidance on Third-Party Relationships: Risk Management, to help better understand the risk a vendor poses to the organization based on specific categories (e.g., strategic, compliance, operational, financial). Determines the vendor’s inherent risk, which is often measured on a scale of high, moderate, or low.

Revised By: Venminder Inc Revised On: Jul 17, 2023 2:56 PM

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1. Regulatory Risk

Risk present if the vendor interacts directly with an organization’s customers or members. Also, the risk posed by a vendor engaging in poor business practices or turning a deaf ear to customer complaints.

Revised By: Venminder Inc Revised On: Aug 13, 2019 3:09 PM

Characters Edited: 0 Total: 205