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Best Practices

Staying On Top of Vendor Management News: Week of Feb 19

Feb 23, 2018 by Branan Cooper

This week in third party risk news, articles cover topics like:

  • Updates with the CFPB
  • Security and fraud cyber attacks cost the U.S. economy how much? The number is astounding!
  • Efforts the U.S. government doing to combat cyber crimes
  • When to take a break from compliance
  • All about the OCC workshop in Minneapolis

Industry News for the Week of Feb 19

Cyberattacks cost US: Read here

House proposes increased cybersecurity measures: Read here

Curbing the CFPB: Read here

CFPB seeks additional input – this time on how it handles public engagements: Read here

From JD Supra – “Compliance does not take a holiday”: Read here

Third Party Risk article on how best practices cut across several industries with financial services leading the way: Read here

OCC to hold workshops in Minneapolis: Read here

  • The OCC will host two workshops at the Crowne Plaza Minneapolis Northstar Downtown, Minneapolis, Minnesota, March 27-28, for directors of national community banks and federal savings associations supervised by the regulator.
    • The Credit Risk workshop on March 27 focuses on credit risk within the loan portfolio, such as identifying trends and recognizing problems. The workshop also covers the roles of the board and management, how to stay informed of changes in credit risk, and how to effect change.
    • The Operational Risk workshop on March 28 focuses on the key components of operational risk—people, processes, and systems. The workshop also covers governance, third-party risk, vendor management, and cybersecurity.
    • The fee for each workshop is $99 and each session is limited to the first 35 registrants.

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Branan Cooper

Written by Branan Cooper

Branan Cooper is the Chief Risk Officer at Venminder. Branan has nearly 30 years of experience in the financial services industry with a focus on the management of operational and regulatory processes and controls—most notably in the area of third party risk and operational compliance. Branan leads the Venminder delivery team as the third party risk management subject matter expert in residence. Branan also serves as an industry thought leader. He's a member of InfraGard and the Professional Risk Management Industry Association (PRMIA). And, he was selected in 2018 as an advisor to the Center for Financial Professionals (CEFPro) and board member for the Global Sourcing Resource Network (GSRN).

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