The Supervisory Oversight of Third Party Relationships

The supervisory oversight is going to be a very detailed examination process similar to your AML program reviewed. They'll want to look at the contracts, they'll want to looking at the reporting and they'll also check for due diligence that you've done before bringing in any new third parties. A lot of banks don't have often the level of technology that is now available in the marketplace. And these may be newer vendors so you're really going to have to do your job on them  and make sure that they are able to apply the same governance standards that you might abide by.