Banks grapple with recent shifts in regulatory compliance standards

Banks grapple with recent shifts in regulatory compliance standards

Federal bank regulatory agencies, including the FDIC, the Office of the Comptroller of the Currency (OCC) and the Fed, released joint guidance over the summer to help banks manage risk in the context of third-party relationships. “The final guidance supersedes each of the agencies’ prior general guidance with respect to third-party risk management,” says David Moore, EVP and assistant general counsel for Cambridge Savings Bank, in this podcast …