FDIC Vendor Management Guidance
Just because a bank outsources an activity doesn’t mean it can outsource responsibility.
The FDIC’s most recent regulatory guidance on vendor management has three significant takeaways for community banks:
- Contract risk management
- Vendor management and cybersecurity
- Disaster recovery and business continuity planning
This whitepaper takes a deep dive into these three areas and the impact they have on your bank-wide approach to vendor management and compliance.