Vendor Management Best Practices and Trends for 2018

Third party risk management has been a high priority for the financial industry this year – and rightly so. To date in 2017, there have been over 21 cases specifically related to third parties enforced through cited UDAAP violations with some jaw dropping fines. Along with that, this year has seen several updated pieces of regulatory guidance on third party risk management.

While meeting the regulatory guidelines is a compelling reason for a well-run third party risk management program, having one in place is now just a sound financial institution practice. Managing your vendors well can help you avoid real risks to your reputation. Losing your customers trust today can have a very long-term impact on your institution.

Register now to learn:

• What we’ve learned in 2017 and what the regulators will expect in 2018
• Legal perspective on the industry’s biggest sledgehammer - UDAAP
• The key components of a successful third party risk management program
• Best practices to take into 2018