Third-party service relationship: Difference between revisions
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* [[Financial authority]] | * [[Financial authority]] | ||
* [[Financial institution]] | * [[Financial institution]] | ||
* [[Financial | * [[Financial Market Infrastructure]] (FMI) | ||
* [[Financial Stability Board]] (FSB) | * [[Financial Stability Board]] (FSB) | ||
* [[Outsourcing]] | * [[Outsourcing]] | ||
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* [[Third-party risk]] | * [[Third-party risk]] | ||
* [[Third-party service provider]] | * [[Third-party service provider]] | ||
==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, 4 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, 4 December 2023] | ||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
Latest revision as of 12:38, 17 January 2024
Risk management - supply chain.
A formal arrangement for the provision of one or more services to a financial institution by a service provider.
"Third-party service relationships include arrangements for the provision of services to a financial institution by an intra-group service provider; and
Third-party service relationships exclude financial services transactions between financial institutions and their employees, customers or counterparties (e.g. taking deposits from or lending to consumers; providing insurance to policyholders; or providing/receiving financial market infrastructure (FMI) services, such as clearing or settlement, to other financial institutions), but include services supporting these functions (e.g. compliance or back-office activities relating to these transactions)."
Enhancing Third-Party Risk Management and Oversight: A toolkit for financial institutions and financial authorities, Financial Stability Board, December 2023.
See also
- Clearing
- Compliance
- Counterparty
- Financial authority
- Financial institution
- Financial Market Infrastructure (FMI)
- Financial Stability Board (FSB)
- Outsourcing
- Risk
- Risk management
- Service provider
- Settlement
- Supply chain
- Third party
- Third-party risk
- Third-party service provider
