Mark Stetler and Jim Freis of CRINDATA talk about third-party risk management, business continuity management, and incident management. What should financial institutions be thinking about with respect to these issues from both a business and a regulatory standpoint?
Jim Freis discusses regulatory compliance and speculates on what might happen in regards to sub-contractor due diligence.
Jim Freis talks about the principles involved in determining the level of criticality in the vendors of financial institutions.
Jim Freis talks about financial institutions as third party service providers to other banks and financial institutions, and if they can be subject to the same regulatory requirements.
Jim Freis of CRINDATA talks about whether or not financial institutions will likely be required to give notice to their regulators of qualifying events like… Read More »How Likely is it That Financial Institutions Will Be Required to Give Notice to Their Regulators of a Qualifying Event?
Jim Freis talks about chain risk and the subcontractor, sub-outsourcing relationship, and how understanding this chain is essential to proper regulatory due diligence. It’s understandable… Read More »What Does Chain Risk Mean to You, and Why is It Important?
Jim Freis talks about the difference between a one-to-one and a one-to-many relationship model for financial institutions and their service providers in regards to regulatory… Read More »How Does a One-to-Many Relationship Model Help Financial Institutions and Service Providers?
