Nth-party service provider: Difference between revisions
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* [[Financial institution]] | * [[Financial institution]] | ||
* [[Financial Stability Board]] (FSB) | * [[Financial Stability Board]] (FSB) | ||
* [[Intra-group service provider]] | |||
* [[Outsourcing]] | * [[Outsourcing]] | ||
* [[Service provider]] | * [[Service provider]] | ||
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==External link== | ==External link== | ||
* [https://www.fsb.org/2023/12/final-report-on-enhancing-third-party-risk-management-and-oversight-a-toolkit-for-financial-institutions-and-financial-authorities/ Enhancing Third-Party Risk Management and Oversight: A toolkit for financial institutions and financial authorities, Financial Stability Board, December 2023] | * [https://www.fsb.org/2023/12/final-report-on-enhancing-third-party-risk-management-and-oversight-a-toolkit-for-financial-institutions-and-financial-authorities/ Enhancing Third-Party Risk Management and Oversight: A toolkit for financial institutions and financial authorities, Financial Stability Board, December 2023] | ||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
[[Category:Financial_products_and_markets]] | [[Category:Financial_products_and_markets]] | ||
[[Category:The_business_context]] | [[Category:The_business_context]] | ||
Revision as of 19:55, 17 January 2024
Supply chain - suppliers - financial services - third-party service providers - Financial Stability Board (FSB).
As defined by the Financial Stability Board (FSB), an nth-party service provider is part of a third-party service provider’s supply chain and supports the ultimate delivery of services to one or more financial institutions.
In turn, a third-party service provider is one that provides services to one or more financial institutions under a third-party service relationship.
"Nth-party service providers may be referred to as sub-contractors, sub-outsourced service providers or indirect service providers.
A fourth-party service provider provides services to one or more third-party service providers, and this concept can be further extended into nth-party service providers."
Enhancing Third-Party Risk Management and Oversight: A toolkit for financial institutions and financial authorities, Financial Stability Board (FSB), December 2023.
See also
- Contractor
- Financial authority
- Financial institution
- Financial Stability Board (FSB)
- Intra-group service provider
- Outsourcing
- Service provider
- Subcontractor
- Supply chain
- Third party
- Third-party service provider
- Third-party service relationship
