{
  "id": 19868669,
  "title": "Agencies extend comment period for proposed third-party risk management guidance",
  "url": "https://urgent.news/2026/11/13/agencies-extend-comment-period-for-proposed-third-party-risk",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-13T21:15:00.000Z",
  "source": {
    "name": "Federal Reserve Board",
    "slug": "federal-reserve-board",
    "url": "https://www.federalreserve.gov/newsevents/pressreleases/bcreg20261113a.htm"
  },
  "original_language": "en",
  "account": "The Federal Deposit Insurance Corporation, Federal Reserve Board, National Credit Union Administration, and Office of the Comptroller of the Currency have extended the deadline for comments on proposed third-party risk management guidance until December 16. Initially, comments were due November 16. The proposed guidance draws from the agencies' experiences with financial institutions' third-party risk management practices and aims to assist banks and credit unions in customizing their risk management strategies for each third-party relationship. The guidance follows a principles-based approach and, like other supervisory guidance, is non-binding. Upon completion, the federal bank regulatory agencies intend to replace existing third-party risk management guidance with the finalized version to ensure consistency and foster innovation in the banking sector. The National Credit Union Administration also plans to rescind its third-party risk management guidance and conduct its own reviews to update related guidance as required. Additionally, the Federal Reserve Board separately extended the comment period until December 16 for a proposal specific to Federal Reserve-supervised traditional community banks.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}