June 06, 2023

Statement on Third Party Risk Management Guidance by Governor Christopher J. Waller

I support the guidance to better help banks of all sizes develop tailored approaches to manage risk associated with their third-party relationships. The commitment by the agencies to engage with community banks immediately and expeditiously develop additional resources to assist banks in managing third-party risks will promote efficient and rigorous risk management practices.

Last Update: June 06, 2023