Fortifying the Future: Proactive Systemic Risk Monitoring Under New TPRM Interagency Guidelines
You can outsource the activity, but you can’t outsource the responsibility.” — Kevin Greenfield, Deputy Comptroller, Operational Risk Policy, Office of the Comptroller of the Currency.
Final interagency guidelines on third-party risk are the latest market reality to reinforce systemic risk monitoring for financial firms. These vulnerabilities go beyond typical controls to encompass natural disasters, weather events, inflation, changes in interest rates, war and even terrorism. One of the most urgent threats is being driven by cyber criminals attacking third-party ecosystems that too often remain blind spots until a zero-day event. Under this new guidance, regulators expect banks to thoroughly evaluate their third-party relationships, including financial, sanctions, and other weaknesses.
Join us for this webinar where we will assess how organizations can win the war on risk by applying the latest interagency guidelines around monitoring to build a more secure, transparent, and resilient operating environment. There will be discussions into the best practices for allowing organizations to pre-empt risk whilst driving sustainable growth and profitability.
Learning Objectives:
- Understand the key takeaways and long-term goals from the interagency guidance on third-party risk
- Discuss the lessons that can be learnt from recent attacks on third parties
- Explore the use of advanced monitoring techniques to tackle systemic risks in the banking sector
- Create a strong framework for managing and monitoring all third parties and ensuring strong relationships across your supply chain
Speakers
- Alpa Inamdar, Transformation Leader at AIG
- Dissirama Lao Akpoboua, Vice President, Third-Party Risk Management at Visa
- Jennifer Bisceglie, Founder & CEO at Interos Inc.
