Do two sizes fit all? Banks aim to standardise vendor risk

Banks created TruSight and KY3P to vet supplier risk with standard questionnaires. Is it enough?

Wall Street can be cold, dark. For some of its champions, success is measured in personal triumphs. For others, there is deep satisfaction in the failures of others. Winning isn’t enough. Everyone else has to lose.

But there are situations, be they few and far between, where the benefits of working together to accomplish something overwhelm those of going it alone.

In the recent past, this has happened twice. KY3P and TruSight were cobbled together by two different camps of big banks to vet