Risks Surrounding New Products and Services and Third-Party VendorsJohn M. Geiringer
Barack Ferrazzano Partner and Financial Institutions Group Regulatory Section Leader, John Geiringer, wrote an article, “Risks Surrounding New Products and Services and Third-Party Vendors,” recently published by BankDirector.com. The article covers advising clients how to spot issues which bank regulators may highlight in upcoming examinations and how to prepare for them.
Examiners are asking more probing questions regarding new products and services and third-party vendor risk. With the corrective and punitive enforcement actions being issued or threatened by regulators, banks should be prepared to give good answers to their questions or risk serious consequences.
To read John's article please click here.