US financial regulators extend comment period for third-party risk management guidelines to December 16
- 1The FDIC, the Federal Reserve Board, the NCUA, and the OCC announced they are extending the comment period for proposed third-party relationship risk management guidelines to December 16.
- 2The previous deadline for comments was November 16.
- 3The Federal Reserve Board also announced it is separately extending the comment period for proposed third-party risk management guidelines for traditional community banks subject to Federal Reserve supervision to December 16.
So what's the key point?
US financial institutions have extended the period for receiving comments on guidelines for managing external vendors until December 16. This allows for one more month of feedback compared to the original November 16 deadline.
Source Federal Reserve · View original ↗
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