Third-party risk
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Risk management - risk identification.
Third-party risk is the legal, financial, reputational and operational risk that a business faces which arise from the actions associated with third-parties such as suppliers, distributors, intermediaries, logistics providers and customers.
(Source - Financial Stability Board (FSB).)
See also
- Financial authority
- Financial institution
- Financial Stability Board (FSB)
- Nth-party service provider
- Outsourcing
- Risk
- Risk identification
- Risk management
- Service provider
- Systemic third-party dependency
- Third party
- Third-party risk management
- Third-party service provider
- Third-party service relationship
