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Financial Institution Letter |
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Extension of Comment Period for Proposed Interagency Guidance on Third-Party Relationships: Risk Management |
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Summary:
The Federal Deposit Insurance Corporation (FDIC), the Board of Governors of the Federal Reserve System (Board), and the Office of the Comptroller of the Currency (OCC) (collectively, the agencies) are extending the comment period on the proposed guidance designed to help banking organizations manage risks associated with third-party relationships. In response to commenters’ requests for additional time to analyze and respond to the proposal, the agencies are extending the comment period until October 18, 2021. Originally, comments were due by September 17, 2021.
A copy of the proposed interagency Guidance can be found on the FDIC’s website.
Statement of Applicability:
This Financial Institution Letter (FIL) applies to all FDIC-supervised financial institutions.
Distribution:
FDIC-Supervised Institutions
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