Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.

Identifying Third-Party Risks in the Financial Sector

White Paper, November 28, 2017

Download now

In order to provide great material to you for free our sponsors ask we pass on your details. By downloading this white paper you consent to your details being shared with the sponsor and a free Compliance Week account being created for you.

Third-party risks in the financial sector are a breed unto themselves. Or, more precisely, they are two related breeds: third-party risks from customers, and third-party risks from vendors. A financial firm’s compliance function must somehow address them both.

Yes, at a conceptual level, those risks exist in nonfinancial sectors, too: anti-bribery, data security, fraud. Businesses in any type of industry do worry about them. But in no other sector are third-party risks as heightened as what we see in the financial sector. Hence the pressure to implement sufficient oversight of third parties is immense.

So, what are the risks that customers and vendors pose to the financial services industry? And how can due diligence and monitoring act as a foundation for mitigating said risks?

Download the whitepaper “Identifying Third-Party Risks in the Financial Sector” to learn more.