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US banking regulators issue final guidance on third-party risk management

Photo: Alex Wong/Getty Images

Julie DiMauro

2 min read
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US bank regulators finalized risk management guidance for banks to consider when developing relationships with fintechs and other third parties.

The US Federal Reserve Board, Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) have published final guidance on managing risks associated with third-party relationships.

The guidance is relevant to all banking organizations, and it offers the agencies’ views on sound risk management principles

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