1b. ALL – Managing Third-Party Relationships (Intermediate)

Firms often outsource functions to third parties. Many of these arrangements involve a third-party receiving sensitive information about a firm’s business or clients or performing a critical function on behalf of the firm. Engaging a third party does not relieve a firm of its legal or regulatory responsibilities. As such firms have an obligation to vet and continually evaluate their third-party providers. How a firm supervises their third-party providers depends on the scope of the relationship.  This session will explore practical approaches for firms to manage these relationships and the role compliance plays in the oversight function. This session is open to regulators but closed to members of the press.

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