Posted By: crazylady
Third-Party Broker/Dealer Relationships - 02/23/11 05:19 PM
We have a Third-Party Broker/Dealer within our bank. Just wondering if I'm suppose to be monitoring whether all compliance issues are being followed appropriately and if I am, is their guidance on what should be followed.
Do they fall under the FDIC guidance of Managing Third-Party Risk?
If they have thier own audit completed on a yearly basis by the third party, is that enough for examiners?
Any opinions appreciated.
Do they fall under the FDIC guidance of Managing Third-Party Risk?
If they have thier own audit completed on a yearly basis by the third party, is that enough for examiners?
Any opinions appreciated.