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U.S. regulators issue final guidelines to banks for third-party risk management

Published 06/06/2023, 02:28 PM
Updated 06/06/2023, 02:31 PM
© Reuters. FILE PHOTO: The skyline is seen in Manhattan, New York City, U.S., August 21, 2021. REUTERS/Andrew Kelly

© Reuters. FILE PHOTO: The skyline is seen in Manhattan, New York City, U.S., August 21, 2021. REUTERS/Andrew Kelly

(Reuters) - Top U.S. regulators on Tuesday issued final guidelines to help banks manage risks associated with their relationships with third-parties like fintechs and cloud-computing firms, according to a joint statement on Tuesday.

The guidance came from the Federal Reserve Board, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency.

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