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Friday, December 6, 2013

Fed Issues New Guidance on Managing Outsourcing Risk

Banks must carefully monitor vendors, contractors and other third parties, the Federal Reserve said, citing increased outsourcing and involvement of third parties in bank activities. In guidance that supplements the Fed’s previous guidance on technology service provider risk, the board said that banks must manage risk associated with third parties at a level commensurate to its use of those relationships.

Read the guidance.

1 comment:

Alvin Ryan said...
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