On January 24, 2017, the OCC issued examination procedures to supplement OCC Bulletin 2013-29 entitled "Third- Party Relationships: Risk Management Guidance," which was originally issued October 30, 2013. These procedures use the concepts and definitions in OCC Bulletin 2013-29 but are designed to help examiners: (i) tailor the examination of each bank commensurate with the level of risk and complexity of the bank's third-party relationships; (ii) assess the quantity of the bank's risk associated with its third-party relationships; (iii) assess the quality of the bank's risk management of third-party relationships involving critical activities; and (iv) determine whether there is an effective risk management process throughout the life cycle of the third-party relationship. The procedures include detailed questions examiners can ask when examining covered national banks and federal savings associations.
The examination procedures are available at: https://www.occ.gov/publications/publications-by-type/comptrollershandbook/pub-third-party-exam-supplemental-procedures.pdf.
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