The Role of Due Diligence in Banking

The regulators also want you to review the third parties, their business strategy, including the third parties service philosophies quality initiatives and employment practices. Was that in previous or is that a relatively new theme do you think I think that's a new theme? It puts a bit more of a burden on the institution that's hiring the third party in terms of the level of due diligence and how deep deeply they need to dig when they're when they're bringing in a third party.