The Federal Reserve Board, the FDIC and the OCC issued final guidance for banking organizations on managing the risks associated with third-party relationships.
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Federal Reserve Board Governor Michelle W. Bowman addressed the need for a “transparent regulatory posture” in order to foster innovation in the banking system and address concurrent risk.
At the 26th UN Climate Change Conference of the Parties , Treasury Secretary Janet L. Yellen applauded private sector support for financing the transition to a net-zero economy.
The Federal Reserve Board, FDIC and OCC extended the comment period for proposed risk management guidance concerning third-party relationships of banking organizations from September 17, 2021, to October 18, 2021.
The Federal Financial Institutions Examination Council updated guidance for financial institutions on effective authentication and access risk management standards and practices.