FDIC Improve Vendor Management
FDIC Improve Vendor Management


2013 was a year flush with new regulatory guidance from FFIEC, FDIC, and CFPB. We received a lot of intelligence from our customers about their examinations and this often foretells updated guidance and direction as regulators continue to raise the bar for third party risk management and direct banks to improve their programs.

Further guidance has been released in the years since including:

  • 2014 – Technology Outsourcing Informational Tools for Community Bankers
  • 2018 – FDIC Forum: Use of Technology in the Business of Banking
  • 2019 – Technology Service Provider Contracts

Why Do We Need FDIC Vendor Management?

There are multiple potential risks associated with using third-party vendors and when these risks are not appropriately managed there can be detrimental consequences including regulatory action, financial loss, damage to reputation and litigation. 

A summary of potential risks includes:

  • 战略风险
  • Reputation risk
  • 业务风险
  • Transaction risk
  • 信用风险
  • Compliance risk

FDIC Vendor Management gives organizations guidance on how best to foresee these risks and protect the organization as a whole.

Other resources you might be interested in?




保卫自己 应对供应商和企业风险