Despite rumors that the new U.S. Presidential Administration is relaxing the Dodd-Frank Regulations, some local and state regulators, like the Department of Financial Services (DFS) in the state of New York are lined up to pick up where the Feds leave off. The DFS of NY not only continues their commitment to regulate third party management in financial services, but also is focused on the information security risk of third parties. To manage all third party risk begins with an enterprise-wide third party risk management program. Join Westfield Insurance and Opus as they discuss Westfield’s business need and regulatory obligation to consistently assess and manage the risk and performance of vendor relationships.

• Which relationships need to be included in your program
• How to redesign your program to satisfy the regulators
• About the changes Westfield implemented and how they have been received

 

Contributors: Opus, Westfield Group
Categories: 2017 Fall - Carlsbad, Summit Presentations
SRC Type: Risk Management, Sourcing Management