Federal regulators announced they will extend the comment period on proposed guidance designed to help banks manage risks associated with third-party relationships.
September 08, 2021 / By ICBA
Federal regulators announced they will extend the comment period on proposed guidance designed to help banks manage risks associated with third-party relationships.
Deadline: The agencies extended the comment deadline by 30 days to Oct. 18, as requested by ICBA and other groups in a joint letter.
Proposal: The proposed guidance is designed to offer a framework of sound risk management principles and would replace each agency’s existing guidance on this topic.
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