US Federal Banking Agencies Guidance on Third Party Risk Management
The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Company (FDIC), and the Office of the Comptroller of Currency (OCC) are referred to collectively as the “Federal Banking Agencies” or “FBAs”. The FBAs oversee financial institutions in the United States and issue guidance on third party risk management.
Google Cloud’s contracts for financial institutions in the United States address the FBAs’ requirements. We have also created mappings for both Google Cloud and Google Workspace to help you understand how we can support you with meeting the FBAs’ requirements and assess us as an outsourced service provider. Google Cloud is committed to addressing these requirements regardless of how financial institutions choose to use our services.