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Managing the Risk of Third-Party Relationships

Managing the Risk of Third-Party Relationships

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  • Risk Management
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The use of third parties does not diminish or remove banking organizations' responsibilities to ensure that activities are performed in a safe and sound manner and in compliance with applicable laws and regulations.

Instructor:

John Burnett

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Financial institutions routinely rely on third parties for a range of products, services, and other activities. The use of third parties can offer banking organizations significant benefits, such as quicker and more efficient access to technologies, staffing, delivery channels, products, services, and markets.

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