Illinois Bankers Association - 2009 Compliance Conference

The Hyatt Lodge
Oak Brook, IL
Vendor and Other Third Party Contracts:
Drafting, Amending & Ensuring Compliance

Your bank uses third party vendors for everything from janitorial services to data processing to internet support (and plenty in between). How do you protect your organization's interests?  Is your bank simply signing form contracts provided by vendors? What do you do when a new rule comes along demanding compliance by existing vendors? Strong, up-to-date contracts with third parties are essential to properly managing risks, relationships and your bank's exposure to potential liability.  This session will help you identify what your bank should look for and require in its third party contracts!