US Interagency Sound Practices to Strengthen Operational Resilience
Section 4 Third-party risk management (practices a to g) – US Interagency Sound Practices to Strengthen Operational Resilience

US Interagency Sound Practices to Strengthen Operational Resilience 4b: Formal agreements with third parties, with performance managed and monitored against service requirements and the tolerance for disruption

What does 4b require?

Third-party relationships rest on formal agreements. The firm manages and monitors how each third party performs against its service requirements and its tolerance for disruption, and notifies the agencies of service relationships as 12 USC 1867(c)(2) requires.

Maintained by Gerard Blokdyk

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