All Third Party Risk articles – Page 6
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News BriefOCC offers compliance guidance to banks on ‘buy now, pay later’ loans
New guidance from the Office of the Comptroller of the Currency advises banks to tailor their risk management strategies and lending oversight for “buy now, pay later” plans.
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Resourcee-Book: Goals of a modernized TPRM program
Companies have shown a willingness to invest in technology to enhance their third-party risk management efforts. But that doesn’t mean new opportunities don’t remain.
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PremiumSurvey: Companies bullish on new tech amid enhanced sanctions scrutiny
Emerging technologies like automation and generative AI are on the radar as difference-makers for businesses serious about keeping pace with increasing regulatory scrutiny toward third-party due diligence and sanctions compliance, a survey conducted by Compliance Week and Certa found.
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WebcastCPE Webcast: Better risk assessments: Practical, data-driven assessments made simple
Today’s risk assessments require improved quantitative, data-driven analysis, including interpreting inherent risk data in a meaningful way. Organizations are looking for risk assessments to be actionable, easier to execute, and defensible.
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WebcastCPE Webcast: Elevating third-party safety: The art of TPRM and TPDD integration
This webinar will address the unique competencies of third-party risk and due diligence programs and examine when and how to align them to maximize the effectiveness of each.
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PremiumA job never done: Tips for TPRM integration
Taking risk mitigation further and understanding your third parties and their risks can create value for your organization, practitioners discussed as part of a panel at CW’s virtual TPRM and Oversight Summit.
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WebcastCPE Webcast: How to strengthen your TPRM to be more resilient
In this session, experts from Riskonnect and Deloitte will explore why it is important for organizations to align strategies, processes, and practices related to business resilience with the risks posed by third-party vendors and partners.
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PremiumTPRM Summit: How to operate a risk-based due diligence program
A panel of experts broke down the nuts and bolts of integrating a risk-ranking strategy and tailored approach to third-party due diligence at CW’s virtual TPRM and Oversight Summit.
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PremiumDue diligence in China: Mitigating arrest, detention risks
Lack of transparency around how to remain within the legal bounds of China’s national security laws has heightened companies’ concerns regarding performing on-site due diligence in the country.
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WebcastCPE Webcast: Beyond the questionnaire: Tips to modernize your TPRM program
Join ProcessUnity for a discussion on how forward-thinking TPRM teams are incorporating new relationships, technologies, and techniques to mature their risk-reduction capabilities.
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PremiumSupply chain due diligence must go beyond self-assessments
So many companies rely on suppliers to self-certify they comply with buyers’ codes of business conduct that the practice is “almost useless,” a panel of experts discussed at Compliance Week’s Europe conference in London.
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WebcastCPE Webcast: Best practices for third-party due diligence for ethics & compliance
Increased regulatory and consumer scrutiny on the integrity of businesses has shined a spotlight on the reputational risks of unethical business practices involving third parties.
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PremiumSurvey: Risk chiefs feeling pressure from growing compliance mandates
Mounting compliance requirements and technological innovations have chief risk officers facing more complex risk environments, according to a KPMG survey.
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News BriefMetropolitan Commercial Bank fined $30M for third-party oversight failings
New York-based Metropolitan Commercial Bank was assessed nearly $30 million in penalties by federal and state banking regulators for failing to properly oversee a third-party program manager whose prepaid cards were a popular target of fraud during the Covid-19 pandemic.
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PodcastDigital Transformation of Compliance podcast: Stellantis CCO Darren Bradshaw
In this episode of the Digital Transformation of Compliance podcast series, Darren Bradshaw, chief audit and compliance officer at Stellantis, shares how the automaker has digitized and automated parts of its compliance function.
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WebcastCPE Webcast: TPRM privacy compliance: 10 best practices when working with third parties
Businesses are facing an increasing amount of pressure to protect their customers’ data and demonstrate privacy compliance. At the same time, for most modern organizations, more data is flowing to third parties than ever before.
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News BriefTransUnion settles with CFPB, FTC over tenant screening accuracy
Credit reporting agency TransUnion agreed to pay $23 million total across settlements with the Consumer Financial Protection Bureau and Federal Trade Commission for alleged tenant screening and security freeze deficiencies.
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PremiumOCC examiners to focus 2024 attention on risks that led to bank failures
Bank examiners from the Office of the Comptroller of the Currency are focusing their supervision attention on how banks manage risks that brought down three mid-sized financial institutions earlier this year.
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News BriefDiscover dodges fine in FDIC order over consumer compliance shortcomings
Discover Financial Services disclosed it avoided a monetary penalty in agreeing to a consent order with the Federal Deposit Insurance Corporation over alleged compliance shortcomings at its subsidiary bank.
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WebcastCPE Webcast: Interagency guidance on third parties: How the expanded scope affects everyone
This webcast will provide an overview of new interagency guidance on third-party relationships, as well as share practical advice to ensure your organization is fully prepared for the expanded scope and what this means for your organization’s TPRM program.