Vendor Risk Management

Posted By: avpbanker64

Vendor Risk Management - 06/08/12 08:15 PM

Do we need to add the following vendors to our program to review contracts and perform a risk assessment annually?
FDIC-our regulator
Federal Reserve Bank-Fedline Advantage Services
Posted By: ahkcompliance

Re: Vendor Risk Management - 06/08/12 08:55 PM

I don't consider a regulator a vendor.
Posted By: Wonder Why?

Re: Vendor Risk Management - 06/11/12 08:58 PM

I don't consider regulators a vendor either--it is not like you can fire them and engage another if you don't approve of their performance smile