Implications of U.S. Banking Regulators’ Final Guidance on TPRM – with Brian Kostek, Kathryn Hardman and Helen Smith
In June, nearly two years after issuing their proposal for third-party risk management (TPRM), the U.S. banking regulators – the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation – finalised their guidance.
In this podcast, Brian Kostek from Protiviti interviews Kathryn Hardman from Veritex Bank and Helen Smith from First Citizens Bank about the implications of the updated interagency guidance for their institutions and how institutions can reconcile the revisions in their existing TPRM programmes.
Brian is a Managing Director with Protiviti and leader of the firm’s third-party risk management practice. Kathryn is Senior Vice President with Texas-based Veritex Bank and is the Director of Third-Party and Model Risk Governance. Helen is the Head of Third-Party Risk Management at First Citizens Bank.
Contact Brian at [email protected].
Contact Kathryn at linkedin.com/in/kathryn-hardman-096a99b.
Contact Helen at linkedin.com/in/helensmith2021.
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Protiviti presents Powerful Insights. This podcast features leaders and subject-matter experts from around the world offering insights on key issues facing organisations in our dynamic, challenging and competitive global business climate.
U.S. Banking Regulators Finalise (Finally) Revised Third-Party Risk Management Guidance
On Tuesday, June 6, 2023, the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (collectively, the agencies) issued the “Interagency Guidance on Third-Party Relationships: Risk Management.” This marks the long-awaited finalisation of the proposed guidance that was initially issued on July 19, 2021, with a 90-day comment period that extended until October 18, 2021.