OCC Bulletin 2017-7 – Supplemental Examination Procedures

In 2017, the OCC issued Bulletin 2017-7 which provides detail into the procedures that may be used during examinations of a bank’s risk management of third-party relationships.

“These procedures are designed to help examiners:

• tailor the examination of each bank commensurate with the level of risk and complexity of the bank’s third-party relationships.
• assess the quantity of the bank’s risk associated with its third-party relationships.
• assess the quality of the bank’s risk management of third-party relationships involving critical activities.
• determine whether there is an effective risk management process throughout the life cycle of the third-party relationship.”

Read the full guidance