Third-Party Risk Management: A Guide for Community Banks

Details

• Corporate Authors:
  Federal Deposit Insurance Corporation (FDIC) ; Board of Governors of the Federal Reserve System (The Fed) ; Office of the Comptroller of the Currency (OCC)
• Description:
  Introduction (Pg 1)
  
  About This Guide (Pg 1)
  
  Guide Contents (Pg 2)
  
  Risk Management (Pg 3)
  
  Third-Party Relationship Life Cycle (Pg 4)
  
  Planning (Pg 5)
  
  Due Diligence and Third-Party Selection (Pg 8)
  
  Contract Negotiation (Pg 11)
  
  Ongoing Monitoring (Pg 14)
  
  Termination (Pg 18)
  
  Governance (Pg 21)
  
  Appendix (Pg 23)
  
  Government Resources for Community Banking Organizations’ Third-Party Risk Management (Pg 23)
  
  
• Content Notes:
  Figure 1: Stages of the Risk-Management Life Cycle (Pg 4)
• Subject:
  Commmunity Banking
• Pages in Document:
  24
• Dataset Download URL:
  https://www.fdic.gov/resources/bankers/third-party-relationships/third-party-risk-management-guide.pdf
• Format:
  PDF
• Release Date:
  05/07/2024
• Agencies Involved:
  Federal Deposit Insurance Corporation (FDIC) ; Board of Governors of the Federal Reserve System (The Fed) ; Office of the Comptroller of the Currency (OCC)
• Source:
  FDIC Website
• Main Document Checksum:
  urn:sha256:36916a491bfc311563dac541e24697f58f9cf39c0d55e26b8205d74e3337477e
• Download URL:
  https://archive.fdic.gov/view/fdic/14600/fdic_14600_DS1.pdf
• File Type:
  [PDF - 1.82 MB ]