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Right-Sizing Your Vendor Management

In today’s fast-paced banking environment, many institutions are outsourcing services such as loan review, asset and liability management, internal audit, compliance, stress testing, policy development, risk consulting, and other services so that their own internal resources are used most efficiently and effectively for customer service, business development and strategic initiatives. It simply makes more economic sense for many institutions to use outside skilled experts on a part-time basis for such services, as opposed to staffing with full or part-time employees who may not be experts or have the level of experience necessary in these risk management disciplines. Regulatory agencies ha

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