Categories: Office of the Comptroller of the Currency

Agencies Extend Comment Period on Proposed Risk Management Guidance for Third-Party Relationships

News Release 2021-93 | September 7, 2021

Joint Release

Board of Governors of the Federal Reserve System
Federal Deposit Insurance Corporation
Office of the Comptroller of the Currency

The federal bank regulatory agencies today announced that they will extend until October 18, 2021, the comment period on proposed guidance designed to help banking organizations manage risks associated with third-party relationships, including relationships with financial technology-focused entities.  The proposed guidance is intended to assist banking organizations in identifying and addressing the risks associated with third-party relationships and responds to industry feedback requesting alignment among the agencies with respect to third-party risk management guidance.

The agencies extended the comment period to allow interested persons more time to analyze the issues and prepare their comments.  Originally, comments were due by September 17, 2021.

Related Link

Media Contacts

Federal Reserve
Darren Gersh
(202) 452-2955

FDIC
Julianne Fisher Breitbeil
(202) 340-2043

OCC
Stephanie Collins
(202) 649-6870

Related posts:

  1. Agencies Propose Rule to Amend the Swap Margin Rule
  2. OCC Appoints Receiver for City National Bank of New Jersey, Newark, New Jersey
  3. Office of the Comptroller of the Currency to Close June 18 in Recognition of Juneteenth
  4. OCC Announces Organizational Changes
IR Press

Leave a Comment
Share
Published by
IR Press
Tags: Bank Information Technology (BIT) Bank Operations Supervision of Third Party Technology Service Providers Third Party Risk Management
3 years ago

Recent Posts

U.S. Department of the Treasury’s Federal Insurance Office Launches New Partnership with the National Science Foundation on Terrorism and Catastrophic Cyber Risks

WASHINGTON – This week, the U.S. Department of the Treasury’s Federal Insurance Office (FIO) hosted…

2 days ago

IRS Direct File Pilot Exceeds Usage Goal, Receiving Positive User Ratings and Saving Taxpayers Money

140,803 Taxpayers Filed Their Taxes Directly with the IRS for Free as users claimed more…

2 days ago

Acting Comptroller Issues Statement on the FDIC’s Proposals Related to Change in Bank Control Act

WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today issued the following statement at the…

3 days ago

Treasury Targets Networks Facilitating Illicit Trade and UAV Transfers on Behalf of Iranian Military

WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) is…

3 days ago

U.S. Department of the Treasury, IRS Release Final Rules on Provision to Expand Reach of Clean Energy Tax Credits Through President Biden’s Investing in America Agenda

New Inflation Reduction Act Provision Broadens Access and Boosts Return on Clean Energy Tax CreditsWashington,…

3 days ago

Remarks by Under Secretary for Terrorism and Financial Intelligence Brian Nelson at Banking Roundtable in San Juan, Puerto Rico

As Prepared for DeliveryThank you all for coming together today for this important discussion. I am…

3 days ago