This document summarises the responses to the June 2023 public consultation on “Enhancing Third-Party Risk Management and Oversight: A toolkit for financial institutions and financial authorities”.
Report presents the FSB’s assessment of current and emerging vulnerabilities in the global financial system and reflections from the March banking turmoil; outlines the FSB’s work to address these vulnerabilities; and reports on the implementation and effects of G20 financial reforms.
Consultation responses to ‘Enhancing Third-Party Risk Management and Oversight: A toolkit for financial institutions and financial authorities - Consultative document‘.
The proposed toolkit for financial authorities and financial institutions has been developed against a backdrop of digitalisation of the financial services sector and growing reliance of financial institutions on third-party service providers for a range of services, some of which support their critical operations.
This report aims to assist supervisory and regulatory authorities in developing their approaches to monitor, manage and mitigate risks arising from climate change and to promote consistent approaches across sectors and jurisdictions.