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In June, the Federal Reserve Board of Governors, Office of the Comptroller of the Currency (OCC) and Federal Deposit Insurance Corp. (FDIC) jointly issued long-awaited third-party risk management...
July 28, 2023 | By Geoffrey Lash, Justin Waller and Simon Zais
Third-party risk management (TPRM) is increasingly a major point of discussion in boardrooms across the globe. Recent disruptions, including the collapse of several U.S. regional banks and the supply...
July 14, 2023 | By Jordan Johnson
Disruptions to supply chains have become all too common in recent years, with far-reaching macroeconomic and risk management implications. While organizations have generally adjusted to recent...
March 31, 2023 | By Alex Saric
In 2022, it became clear that effective supply chain risk management (SCRM) is not a luxury but a necessity. The year saw numerous disruptions to global supply chains, including the Russian invasion...
February 24, 2023 | By Skyler Chi
Over the last two years, ongoing disruptions from the COVID-19 pandemic to the Suez Canal blockage’s effect on supply chains to ransomware attacks on critical infrastructure (as seen in the Colonial...
November 11, 2022 | By Bogdana Sardak
While many hoped vaccines would bring a return to business as usual, the unfortunate reality was that businesses faced increasing disruptions in 2021. Due to constantly emerging variants, vaccine...
March 11, 2022 | By Atul Vashistha
Contributing to public-private partnership efforts to supply billions of COVID-19 vaccine doses worldwide, Citibank has teamed up with the U.S. International Development Finance Corp. (DFC) to...
October 15, 2021 | By Jeffrey Kutler
As COVID-19 and the global economic slowdown expose vulnerabilities in third-party networks and industrial supply chains, a firm specializing in monitoring and managing those risks has hired a former...
May 22, 2020 | By Katherine Heires
The coronavirus crisis put a spotlight on global supply chains and the havoc that can result from any weak or disabled link between source and destination. As if on cue, the American Institute of...
April 3, 2020 | By Jeffrey Kutler
For the financial services industry, long reliant on connections to external system and services providers, “third-party risk management is not new,” consulting firm EY and the Institute of...
November 27, 2019 | By Jeffrey Kutler
There is broad agreement on the expansive vision and holistic mobilization required for effective management of third-party risks, but a Deloitte survey indicates shortfalls in execution....
October 25, 2019 | By Ted Knutson
Two months after unveiling its Third Party Risk Management (TPRM) framework, the Shared Assessments third-party risk assurance program announced the availability of a new module covering periodic...
August 30, 2019 | By Jeffrey Kutler
Eyeing perceived gaps and mounting complexities in third-party risk management, the Shared Assessments Program is offering a comprehensive framework and guide to promote best practices in the field....
July 12, 2019 | By Ted Knutson
For all their attention to, and observable improvements in, vendor risk management, companies are struggling to address mounting cost, regulatory and governance challenges, according to the 2019...
May 10, 2019 | By Ted Knutson
Much guesswork surrounds the consequences of a hard, or no-deal, Brexit - the possibility that the United Kingdom will leave the European Union on March 29 without an agreement for a smooth...
March 8, 2019 | By John Hintze
Growing sensitivity to third-party risks - extending out to fourth, fifth, and nth parties - is resulting in more rigorous management and higher prioritization of these ecosystem exposures, according...
January 25, 2019 | By Juliette Fairley
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