Financial institutions are increasingly reliant on third parties to help provide products and services more capably and efficiently, while also mitigating risk. The benefits of these outsourcing relationships are not without risk and heightened regulatory analysis and concern. Consequently, financial institutions must have a strong process in place to rigorously evaluate, select, onboard, oversee and terminate relationships with these contractors and subcontractors.

In our session, we will set the stage by providing an overview of key existing and evolving regulatory guidance on third-party relationships. We will also explore steps that must be taken to comply with this guidance, regardless of whether the third parties we engage are affiliated or unaffiliated. We will also discuss Federal Reserve Regulation W implications and requirements uniquely related to services provided by affiliates.

Whether you are seeking to implement or enhance your thirdparty risk management program, this session will provide you with the tools you need to make your program a success.