Third Party Management and Supplier Relationships in Financial Services
Created on November 16, 2016
Whether you are selling into financial institutions or representing their procurement departments in buying services, you must hurdle a complex array of regulatory guidance to close your deals quickly. The Board of Governors of the Federal Reserve (FRB) maintains wide ranging guidance on managing service provider risks effectively. The Office of the Comptroller of the Currency (OCC) provides guidance as well focusing on the importance of properly risk assessing all third party relationships.
Attorneys interested in representing clients in financial institution procurement and co-marketing arrangements need to understand these issues to properly engage with key stakeholders involved. This course addresses the FRB and OCC requirements in detail.
Join Jason Mark Anderman for a discussion of these issues. Mr. Anderman is Vice President and Senior Counsel at the American Express General Counsel's Organization, and has spoken widely on third party regulatory requirements to a many different audiences across the procurement and revenue-focused arenas.
- Gain an understanding of the bank regulatory environment impacting third party relationships
- Develop familiarity with the Federal Financial Institutions Examination Council guidance
- Learn the key service provider risks that the FRB recommends financial institutions assess
- Know the additional risks the OCC guidance emphasizes as well
- Understand how sophisticated procurement departments think about different types of third party relationships across the enterprise
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