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Third-Party Audits Financial Institutions

Proskauer Rose LLP

Safeguarding Reforms in the UK and EU – Preparing for Change

Proskauer Rose LLP on

The FCA has completed a major review of safeguarding for payment and e-money institutions. Its new rules are designed to reduce the risks seen in recent failures – where customers faced long delays and, on average, recovered...more

Balch & Bingham LLP

Third-Party Risk Management for Financial Institutions: Reassessing Risk in Light of COVID-19

Balch & Bingham LLP on

As part of an effective third-party risk management program, financial institutions should perform ongoing monitoring of the third-party relationship, including review of audited financial statements and risk assessments,...more

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