Financial institutions can expect examiners to take a very strong interest in pandemic planning going forward—including the pandemic planning of critical third-party vendors.
Examiners want assurances that your FI has undertaken the due diligence necessary to know your critical vendors can continue to provide essential services even when faced with staff shortages and other pandemic challenges.
Nvendor’s Pandemic Planning Report eases the due diligence burden by:
Expertly analyzing vendor controls or protocols to mitigate pandemic risk
Cross-checking vendor statements with public data and vendor due diligence documents for gaps
Citing the source of each confirmed vendor control
Providing plain language summaries detailing vendor plans
Clearly labeling unconfirmed controls to highlight potential risks
Rating vendor pandemic controls as “adequate,” “watchlist,” or “no rating” using our proprietary algorithm
See what Nvendor’s Pandemic Planning Report can do for your FI.
Fill out the form to download a free Pandemic Planning Report of your core vendor today.