Due Diligence Resources
By now, I'm sure all of you are familiar with NCUA's guidance on third party relationships, Letter to Credit Union 07-CU-13. But have you looked at the last page of Appendix A? It contains a list of additional resources. Here are some of them.
- NCUA Letter to Credit Unions 00-CU-11. (Risk management of outsourced technology services.)
- NCUA Letter to Credit Unions 01-CU-20. (Due diligence over third party service provider.)
- NCUA Letter to Federal Credit Unions 02-FCU-04 (Weblinking)
- FDIC. Supervisory Insights: Third Party Arrangements: Elevating Risk Awareness.
- OTS: Thrift Bulletin 82, March 18, 2003. Third Party Arrangements.
For staff working on due diligence over third party arrangements, these additional resources should be useful.
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And no, I did not strike it rich in Vegas last week. You're stuck with me.