Insights and Publications

Managing Third-Parties in the New Regulatory World

March 24, 2015

Bring us your questions or challenges. We’re here to help.

Select a Topic

At CBA Live Bridgeforce presented to an audience of banking executives on third-party vendor management in the new regulatory world. For financial services, the regulatory and operational risk expectations continue to rise with regards to the use of third-party vendors. The new expectation is that first parties – such as a bank, credit union, or non-bank lender – will be held accountable for the actions of third-parties they contract with. This topic applies across all vendors a first party may engage with, however, the presentation at CBA Live was focused primarily on default management (collections & recovery), although the themes are easily ported to non-default related vendors. The topics this CBA Live presentation includes:

  1. Overview of the increasing regulatory expectations in third-party vendor management
  2. Discussion on the various types of vendor relationships and how their risk levels vary
  3. Best practices for effective vendor risk management
  4. Future industry implications based upon the current regulatory environment

Download the full conference presentation to learn more about third-party vendor management best practices, or, click here to watch the full conference presentation.