Original Source: Ontala by Linda Tuck Chapman via the RMA Journal

“Third-party risk management is worth doing well—not only to protect your institution’s reputation, resources, and customers, but also because third-party risk management is part of safety and soundness exams. Falling under the “M” in an institution’s CAMELS rating, the effectiveness of a third-party risk management program is seen as an indicator of overall management capabilities. The design of third-party risk programs varies across institutions…”

Contributors: ONTALA
Categories: Industry Articles, SIG U Resource
SRC Type: Risk Management, Sourcing Management, Third Party Management