The PRA and FCA Rewrote the Third-Party Rules. Here’s What Changes Before March 2027.
When the Prudential Regulation Authority published PS7/26, most third-party risk teams filed it under “reporting requirements” and moved on. That was a mistake twice over. First, because the updated SS2/21 buried in its appendices changes what regulators expect firms to know about every material third party they rely on. And second, because the PRA didn’t […]
Generic AI Can’t Replace TPRM Busy Work, But Trained AI Agents Can
An intake queue that quietly hides a duplicate vendor for four days. A SOC 2 report nobody has time to read past page 20. A Certificate of Insurance that lapsed without anyone noticing until renewal season was already underway. If any of these challenges sound familiar, the problem isn’t just that your risk team is […]
How to Build a Vendor Risk Tiering Model
Third-party ecosystems are growing faster than most Third-Party Risk Management (TPRM) teams’ capacity to assess them. Every new vendor, supplier, subcontractor, and service provider adds potential exposure, pushing teams to work faster and assess more vendors with the same limited resources. This creates a vulnerability gap: a mismatch between the level of Third-Party Risk Management […]
Your TPRM Program Doesn't Need a Smarter Chatbot. It Needs Specialists.
Two third-party risk teams are piloting AI tools in the same quarter. The first team points a general-purpose assistant at the whole assessment process. It reads the evidence, flags the gaps, and drafts the findings. The second gives an agent exactly one job: Validate Certificates of Insurance against the program’s coverage thresholds. A year later, […]
Why a Cybersecurity Assessment Isn’t Enough: The Case for Multi-Domain Third-Party Risk Management
On July 19, 2024, a faulty content update from CrowdStrike crashed roughly 8.5 million Windows devices, grounding flights, halting hospital admissions, and freezing point-of-sale systems worldwide. It remains one of the largest IT outages in history. Here’s the uncomfortable part for risk teams: it wasn’t a breach. No control failed in the way a security […]
TPRM Maturity: Why Your Operating Model Matters More Than You Think
The surface-level metrics say your Third-Party Risk Management (TPRM) program is working. Assessments are moving. Vendors are being reviewed. Workflows are being documented. On paper, the program looks mature. So why is it still failing to prevent gaps and risk exposure points from existing? Despite assessments regularly occurring, procurement still waits on risk decisions before […]