If finalized, the proposal would rescind and replace the June 2023 Interagency Guidance on Third-Party Relationships: Risk Management (the 2023 Guidance), along with rescinding (and at this point not replacing) the "Supplemental TPRM Resources:
If finalized, the proposal would rescind and replace the June 2023 Interagency Guidance on Third-Party Relationships:
Risk Management (the 2023 Guidance), along with rescinding (and at this point not replacing) the "Supplemental TPRM Resources:
Comments on the new 2026 Proposed Guidance are due 60 days after publication in the Federal Register (which is a comment deadline of November 10, 2026).
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If finalized, the proposal would rescind and replace the June 2023 Interagency Guidance on Third-Party Relationships: Risk Management (the 2023 Guidance), along with rescinding (and at this point not replacing) the "Supplemental TPRM Resources: Comments on the new 2026 Proposed Guidance are due 60 days after publication in the Federal Register (which is a comment deadline of November 10, 2026).
Joint Statement on Banks' Arrangements With Third Parties to Deliver Deposit Products" (Joint Statement) issued June 25, 2024, and the "Third-Party Risk Management: A Guide for Community Banks" that was jointly issued by the FDIC, the Fed and the OCC in May 2024. The agencies' diagnosis is blunt: despite disclaiming any prescriptive intent, the 2023 Guidance was applied as a checklist, drove heightened oversight of relationships without regard to the magnitude or likelihood of the risks they actually posed, and discouraged arrangements with newer and innovative providers.
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