Federal Banking Agencies Extend Third-Party Risk Comment Deadline
Four federal regulators have pushed back the comment deadline on third-party risk management guidance by one month, to December 16.
Four federal banking regulators announced an extension of the public comment period for proposed guidance on managing risks tied to third-party business relationships, giving stakeholders an additional month to respond.
The Federal Deposit Insurance Corporation, the Federal Reserve Board, the National Credit Union Administration, and the Office of the Comptroller of the Currency jointly issued the announcement. The original comment deadline of November 16 has been moved to December 16.
Read more Bank Regulators Extend Comment Period on Third-Party Risk Rules →
The extension signals regulators' openness to broader industry input on what has become an increasingly scrutinized area of bank supervision. Third-party relationships — covering vendors, service providers, and technology partners — have drawn heightened regulatory attention as financial institutions rely more heavily on outside firms for critical operations.
No explanation for the extension was provided in the announcement, though comment-period extensions are common when proposed guidance draws significant industry interest or when affected parties request more time to formulate substantive responses.
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