Third-Party Supplier Risk Management: Meeting Emerging Financial Services Regulatory Requirements

U.S. and Canadian financial services companies face increased regulatory scrutiny of the processes, systems and controls used in monitoring and managing risks associated with third-party suppliers. Across a wide range of agencies, the general guidance and oversight requirements are similar and becoming more of a priority.

While managing and monitoring supplier risk has always been good business practice, the stakes have increased in recent years. More than ever, failing to meet regulatory requirements and expectations can mean potentially significant penalties and remediation costs, as well as serious organizational reputational exposures.

This ISG white paper explores the regulatory landscape and outlines fifteen factors regulators look for so you can take the lead in managing supply chain risk.