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Fed provides guidance on third-party risks
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Regulatory Updates
Tuesday, December 10, 2013
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Another federal banking regulator released guidance explaining how it expects institutions to manage the risks posed by their third-party service providers. The Federal Reserve released its guidance on Dec. 5, a little more than month after the Office of the Comptroller of the Currency (OCC) unveiled a sweeping set of third-party management expectations. Read on for more details and what industry associations had to say about it.
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