Report

Risk Intelligence Report: Outsourcing and third-party providers

Risk Intelligence Report

The OCC, the SEC, and other regulatory agencies are increasingly scrutinising third-party risk management. The agencies are demonstrating a lower

tolerance for insufficient programs to control and manage these critical risk areas by increasing the penalties for program deficiencies. Our risk intelligence piece looks at:

History repeating itself

The increasing risk factors

Fixing the gaps

Mitigating the risks

The European Banking Authority (EBA) requires firms to demonstrate by the end of 2021 they have effective controls in place to monitor the outsourcing of critical operating functions. The BOE, PRA and FCA have in March 2021 aligned and finalised their policies on operational resilience; March 2022 is an important deadline.

This risk intelligence piece is available to download or on the Acin Platform

Download our Risk Intelligence Report

Registered Office:
Abbey House,
282 Farnborough Road,
Farnborough, GU14 7NA

Registered No: 08632362

Insights & News

Subscribe to Acin News

Sign up to receive news updates and insights from Acin.