In June 2023, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency issued the Interagency Guidance on Third-Party Relationships: Risk Management (TPRM Guidance). The TPRM Guidance includes sound risk-management principles for banking organizations to consider when developing and implementing risk-management practices for all stages in the life cycle of third-party relationships.

This guide is intended to assist community banks when developing and implementing their third-party risk-management practices. This guide is not a substitute for the TPRM Guidance.



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Last Update: May 03, 2024