Third-Party Risk in a New Era: What the Basel Committee Principles Mean for UK Banks
In our latest blog, Be UK provides a detailed analysis of the Basel Committee on Banking Supervision’s final 2025 Principles for the Sound Management of Third-Party Risk. We compare the final principles with the July 2024 consultation paper, highlighting where supervisory expectations have been clarified, refined and strengthened in response to industry feedback. The article considers the practical implications for UK banks operating under the PRA’s SS2/21 regime and highlights areas where firms should focus to strengthen operational resilience and regulatory readiness.
Click on the link below to take a read.
Third-Party Risk in a New Era What the Basel Committee Principles Mean for UK Banks
