Regulatory AlertsJoint Statement on Banks’ Arrangements with Third Parties to Deliver Bank Deposit Products and Services
The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency issued a joint statement addressing potential risks associated with banks' arrangements with third parties to deliver deposit products. The statement highlights examples of effective risk management practices for banks to consider when participating in such arrangements based on existing supervisory guidance. It explicitly clarifies that the statement does not establish new supervisory expectations.
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