Follow Us:       

Ncompliance News

Friday, March 01, 2013

Vendor Management Affects Regulatory Exams

by Michael Berman


Author: Crystal Gimesh
Donald Saxinger, senior examination specialist at the FDIC in a telephone briefing given to the ABA in December of 2012, revealed that “Inadequate vendor management was cited as a causal factor in 46% of the examination[s] that had their IT rating downgraded in 2012.” This telephone briefing was titled “Vendor Management: Unlocking the Value beyondRegulatory Compliance.” Mr. Saxinger stated that poor vendor management may not be the only issue, but it is frequently cited as a factor in the downgrade.
Comments (0)

Categories: blog, vendor management

Tags:


Subscribe

Recent Posts

Categories

© 2014 Network Contract Solutions. Ncontracts® is a registered mark. Terms Of Use Privacy Statement