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Third Party Vendor Due-Diligence Quick Reference Guide, Independent Bankers Association of Texas


As regulators and examiners place increased scrutiny on the management and oversight of financial institutionsí third-party relationships, the Office of the Comptroller of the Currency subsequently issued guidance (OCC 2001-47; RE: Risk Management Principles for Third-Party Relationships) to banks on managing the risks that may arise from their business relationships with third-parties. While the responsibility of oversight, management and appropriate and sufficient due diligence remains with the board of directors and management of Texas Community Banks, The
Independent Bankers Association of Texas has summarized the OCCís guidance to provide a quick reference guide as a resource to its members for evaluating and performing due diligence on third-parties.


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