The OCC, FDIC, Federal Reserve, and NCUA just proposed new guidance on how banks and credit unions manage vendor risk. Join our experts as we walk through what it says, what's different from current guidance, and what your institution should do next.
Rafael DeLeon, SVP of Industry Engagement, and Ncontracts CEO Michael Berman will cover how the proposed framework approaches risk tiering and what a defensible residual risk acceptance file looks like plus the statement on core service provider risk.
You'll leave with a clear picture of what's likely changing, what's staying the same, and where to focus your program while the proposal moves forward.
- What the proposed guidance requires: risk identification, oversight, residual risk acceptance, and governance
- What "risk-based and tailored" means for how you classify and document vendor risk
- What changes for banks and credit unions relying on core service providers
- Why "reasonable judgment" is undefined in the proposal, and how to document decisions so they hold up either way
- Steps to take now
This webinar is for vendor risk managers, risk officers, compliance staff, and executives at banks and credit unions.
