Regulations

  • 1.  OCC Bulletin (last week)

    Posted 03-12-2020 06:10 AM
    ​​The OCC last week issued an updated set of FAQs for the 2013-19 bulletin dealing with TPRM. Even if you are not an OCC regulated institution, they are part of the FFIEC and I have regarded them as the 'thought leaders' among the other agencies on third-party risk for a number of years.

    The new bulletin is an update and expansion to one they issued earlier (2017-21) and covers current questions (like better clarity with regard to cloud services).  It is a long read at 35 pages, but for professionals in this space well worth the time.

    Available at: Third-Party Relationships: Frequently Asked Questions to Supplement OCC Bulletin 2013-29
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    Third-Party Relationships: Frequently Asked Questions to Supplement OCC Bulletin 2013-29
    The Office of the Comptroller of the Currency (OCC) is issuing frequently asked questions (FAQ) to supplement OCC Bulletin 2013-29, "Third-Party Relationships: Risk Management Guidance," issued October 30, 2013. These FAQs are intended to clarify the OCC's existing guidance and reflect evolving industry trends.
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    L. Beachy
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