Managing Risks Associated With Third-Party Relationships

The Federal Reserve Board, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency issued final guidance June 6, 2023, on managing risks associated with third-party relationships. The final guidance presents risk management principles for financial institutions and third parties in developing and implementing a sound third-party risk management program. Access this third-party risk management checklist for an overview of the final guidance and risks standards related to third-party relationships.

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