Managing Multiple Third-Party Relationships

Banks increasingly rely on multiple third-party relationships to manage increased complexity and gain efficiencies. How can banks optimize and manage a portfolio of third-party relationships? Are there particular areas of third-party support that are especially vulnerable to risks from over-concentration on banking clients? What are the compliance challenges of managing an effective portfolio of third-party vendors?

Learning Objectives:

• Understand practical dimensions of concentration risk as applied to use of third parties

• Gain insight into how the current regulatory environment affects the use of multiple third parties

• Discuss compliance challenges involved in using multiple third parties