As part of an effective third-party risk management program, financial institutions should perform ongoing monitoring of the third-party relationship, including review of audited financial statements and risk assessments,...more
The declaration of the surge in cases of COVID-19 aka Coronavirus as a global pandemic appears to have caught many people off guard. Governments, businesses, and individuals seem largely to have been unprepared to handle the...more
Government officials continue to respond to COVID-19 and that applies to bank regulators as well. The FDIC issued FIL-17-2020 which encourages financial institutions to assist its customers and communities affected by the...more