Regulators zero in on third-party risk, resilience
In latest survey, 35% of banks say watchdogs have “significantly increased” focus on third-party risk, with reports of arduous inspections and growing resource strain
If bank risk managers were asked to rate the intensity of regulatory scrutiny on a scale from one to 10, some might jokingly say “100”.
The latest Op Risk poll by Risk Benchmarking reveals regulatory pressure has intensified across all five risk types surveyed – particularly third-party risk management and operational resilience.
Nearly three-quarters of banks said the regulator had increased its
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