OpRisk North America: No list of critical activities for banks and third parties, OCC tells delegates

OCC will leave banks to make their own judgements


The US Office of the Comptroller of the Currency (OCC) will not be developing a list of critical activities that banks should be monitoring in their relationship with third parties, delegates at the OpRisk North America conference in New York heard yesterday.

John Eckert, director for operational risk and core policy at the OCC, told delegates that despite the OCC's most recent guidelines on third-party relationships emphasising the need to monitor and risk-manage critical activities with third

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