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 3^rd 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 3^rd party risk still a chronic issue?
• What is the role of due diligence?
• What are sustainable business models for 3^rd party risk management?
• What are 4^th party risks?
• What is Kelly’s Law of 3^rd Party Risk Management?
• A short discussion of FINRA’s new bulletin on pandemic risk?

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