The Office of the Comptroller of the Currency (OCC) has issued examination procedures to supplement OCC Bulletin 2013-29, "Third-Party Relationships: Risk Management Guidance," issued October 30, 2013. 

The supplemental procedures promote consistency when examining national banks and federal savings associations' risk management of third-party relationships. These procedures expand on the core assessment contained in the "Community Bank Supervision," "Large Bank Supervision," and "Federal Branches and Agencies Supervision" booklets of the Comptroller's Handbook.

The supplemental procedures use the concepts and definitions contained in OCC Bulletin 2013-29, including appendix A. Appendix B of OCC Bulletin 2013-29 provides additional guidance about third-party risk management practices in specific areas.

These procedures are designed to help examiners:

  • tailor the examination of each bank commensurate with the level of risk and complexity of the bank's third-party relationships.
  • assess the quantity of the bank's risk associated with its third-party relationships.
  • assess the quality of the bank's risk management of third-party relationships involving critical activities.
  • determine whether there is an effective risk management process throughout the life cycle of the third-party relationship.

Read the OCC new procedures. Read OCC Bulletin 2013-29.