CBA outlines recommendations for third-party risk management

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By Dave Kovaleski  |  May 27, 2026

The Consumer Bankers Association (CBA) was among several groups that released a new report that outlines the principles and proposed reforms to third-party risk management (TPRM) in the financial services industry.  CBA noted that the U.S. banking system currently operates within a different vendor ecosystem than the one that shaped existing TPRM expectations. The current environment is characterized by hundreds or thousands of third-party relationships, rapidly evolving technology stacks, a...

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