67d ago

Basel Committee publishes principles for the sound management of third-party risk

The Basel Committee has published principles for the sound management of third-party risk in the banking sector. The principles establish a common baseline for banks and supervisors for the sound management of third-party risk. The Committee will continue to monitor developments related to the digitalisation of finance and financial technology from a prudential perspective.

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Basel Committee publishes principles for the sound management of third-party risk

rss:bis-pressprimary293d ago kagi ↗

The Basel Committee has published principles for the sound management of third-party risk in the banking sector. The principles establish a common baseline for banks and supervisors for the sound management of third-party risk. The Committee will continue to monitor developments related to the digitalisation of finance and financial technology from a prudential perspective.