Tilcia Toledo

By Mark Sexton and Tilcia Toledo, FTI Consulting Changing U.S. banking regulations and approaches to supervision are creating new opportunities for Foreign Banking Organizations (“FBOs”) to expand their U.S. operations and deploy new technology. While this is encouraging news for the banking industry, the lack of consistency in global regulation and supervision creates new challenges for risk managers and Boards as they navigate shifts in home country and U.S. expectations.

Since the June 2023 release of U.S. interagency guidance (IAG) on third-party risk management, financial institutions have revisited their TPRM programs’ structure, methodologies and tools. Much of the recent refinement effort we observe has focused on enhanced due diligence (EDD) processes that add subject-matter-expert depth across such key risk types prevalent in TPRM as cybersecurity, business continuity and disaster recovery, and regulatory compliance.

Join us for Part 2 of our series from Calibr Summer Leadership Conference, as host Tilcia Toledo speaks with Paul Linton, Chief Strategy and Transformation Officer at FTI Consulting. They chat about receiving feedback, understanding ‘unwritten rules’ in the workplace, battling imposter syndrome, and also answer questions from the audience. For more information visit FinanceandLeadership.com