Financial Services firms have shifted a significant part of their operations to outsourcing and fintech, introducing additional risk into the global financial system. With so much personal and financial data at stake, and the volume of business taking place digitally, cybersecurity – and the exposure third parties and suppliers bring with them - is an additional dimension of risk for the industry and the consumer. And the regulators are paying attention.
This has meant that financial services firms have had to turn considerable attention to third party risk and mature their associated programs fast.
In this session, we hear directly from the ex-Regulators and Third Party Risk experts to gain vital insight on why third party risk is such an important area of focus for financial institutions, understand what the priorities of the regulators are in their work, red flags they're looking for, and what “good” looks like.
Topic covered include:
• Top Third Party Risk Management Priorities for Regulators
• Red Flags for Regulators
• Third Party Risk Appetite
• Third Party Risk Management Structure
• Current & Outstanding Challenges
• Evolving Cybersecurity Risks
• Neglected Areas
• Lines of Defense & TPRM
• How to React to Problems
• Best Practices as an Outcome