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OCC Bulletin 2023-17
June 6, 2023
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Chief Executive Officers of All National Banks, Federal Savings Associations, and Federal Branches and Agencies; Department and Division Heads; All Examining Personnel; and Other Interested Parties
The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation (collectively, the agencies) today issued the "Interagency Guidance on Third-Party Relationships: Risk Management."
This bulletin rescinds1
This guidance applies to all banks with third-party relationships.2
The final interagency guidance
Please contact Tamara Culler, Director for Governance and Operational Risk Policy, Operational Risk Policy Division, at (202) 649-6550.
Grovetta N. Gardineer
Senior Deputy Comptroller for Bank Supervision Policy
1 OCC Bulletin 2002-16, "Bank Use of Foreign-Based Third-Party Service Providers: Risk Management Guidance," and other OCC issuances and publications that discuss the use of third parties are not being rescinded by this bulletin and instead supplement the final interagency guidance.
2 "Banks" refers collectively to national banks, federal savings associations, covered savings associations, and federal branches and agencies of foreign banking organizations.