Earlier this week we published the results of a survey that we conducted with the Center for Financial Professionals. With over 200 respondents from around the globe, the survey was designed to take a snapshot of the state of third party risk management, and to help firms develop their road-map to maturity, and support with planning, resourcing and direction.
The survey provided a great deal of insight, and we’ll be taking a deep dive into some of the results together with the implications for TPRM programs over the coming weeks.
We will also share the results of some polls that we conducted at the CEFPRO Vendor & Third Party Risk Conferences in New York and London where we launched the results. These provide an interesting cross-Atlantic comparison between peers.
But first to the survey results – which revealed gaps between regulatory expectation and the reality associated with third party risk programs. What looks good in theory, is often a lot harder in practice.