Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. In this episode we take a deep dive into recent OCC Guidance on managing 3rd party risk. Some of the highlights include:

  • What was the Office of the Comptroller of the Currency, guidance published the on March 5?
  • Why is 3rd party risk still a chronic issue?
  • What is the role of due diligence?
  • What are sustainable business models for 3rd party risk management?
  • What are 4th party risks?
  • What is Kelly’s Law of 3rd Party Risk Management?
  • A short discussion of FINRA’s new bulletin on pandemic risk?

Resources

Matt Kelly blog post, Some Good Guidance on 3rd Party Risk