The NCUA, FDIC, Federal Reserve Board, and OCC requested comment on proposed guidance to assist financial institutions with managing risks associated with third-party relationships. The proposed guidance reflects the agencies' supervisory experience and lessons learned from examining financial institutions' third-party risk management practices. It is intended to assist banks and credit unions to better align and tailor their third-party risk management practices to the risks of individual third-party relationships. The proposed guidance focuses on a principles-based approach and, as with all supervisory guidance, is non-binding.
Comments are due Nov. 16, 2026. For more information, please visit https://www.regulations.gov/document/NCUA-2026-1684-0001
Comments on Proposed Third-Party Risk Management Guidance Due November 16
The NCUA, FDIC, Federal Reserve Board, and OCC requested comment on proposed guidance to assist financial institutions with managing risks associated with third-party relationships. The proposed guidance reflects the agencies' supervisory experience and lessons learned from examining financial institutions' third-party risk management practices. It is intended to assist banks and credit unions to better align and tailor their third-party risk management practices to the risks of individual third-party relationships. The proposed guidance focuses on a principles-based approach and, as with all supervisory guidance, is non-binding.
Comments are due Nov. 16, 2026. For more information, please visit https://www.regulations.gov/document/NCUA-2026-1684-0001