The Federal Deposit Insurance Corporation, the Federal Reserve Board, the National Credit Union Administration and the Office of the Comptroller of the Currency said on Friday that they will extend the comment period for proposed guidance on managing risks associated with third-party relationships until December 16, from an original deadline of November 16. The proposed guidance is principles based and non-binding, and is intended to help banks and credit unions tailor their risk management to individual third-party relationships; when it is finalised, the agencies plan to rescind their existing third-party risk guidance and replace it with the new text. The Federal Reserve separately extended, also to December 16, the comment period on its proposed third-party risk guide for the traditional community banks it supervises.
US regulators extend third-party risk guidance comment period
The Federal Reserve, FDIC, OCC and NCUA have extended until December 16 the comment period on proposed guidance for how banks and credit unions manage risks from third-party relationships, a month past the original November 16 deadline.
Why it matters: The guidance will replace the agencies' existing third-party risk rules when finalised, setting the supervisory baseline for banks' reliance on outside technology and service providers.
Data as of Joint agency release published by the Federal Reserve Board on November 13, 2026, for release at 4:15 p.m. EST, read in full at federalreserve.gov in this run. Developing item.
Sources
- Agencies extend comment period for proposed third-party risk management guidance - Federal Reserve Board - 2026-11-13