DOC Warns Financial Services Licensees And Can A Theory Be A Tautology?
Last April, the Consumer Financial Protection Bureau issued this Bulletin cautioning supervised banks and certain non-depository financial services companies that they must have “an effective process for managing the risks of service provider relationships”. Like many regulatory requirements, the Bulletin has given birth to both a new industry and unintended consequences. The new industry is third-party risk management. This is a screening service provided to financial service Read more...




