Adapting to new regulatory challenges: Enhancing third-party risk management

Learn about the final interagency guidelines that expand regulatory scrutiny to a wider array of third parties, necessitating enhanced monitoring and reporting mechanisms.

Discover the challenges and necessary adjustments for institutions with varying levels of Third-Party Risk Management (TPRM) program maturity, especially those needing rapid scalability.

Hear insights on how institutions are preparing to meet new guidelines, with a focus on the serious consequences of non-compliance, including brand and reputational risks.

Explore the well-defined onboarding processes versus the significant gaps in ongoing monitoring, particularly in fintech relationships.

Discuss the constraints TPRM teams face in terms of limited budgets and the imperative to achieve compliance efficiently.

Understand the need for institutions to drive enterprise-level changes to improve TPRM operating models, pre-empting third-party risk and disruptions that could have massive economic impacts.