What are Today's Asset Managers Due Diligence Obligations?

Today managing the life cycle of third party relationships as part of a risk management process presents a myriad of challenges. The recent financial crisis has placed a spot light on third party due diligence in the US and now the European regulators are asking for heightened due diligence as an integral part of MiFID II.

In this new normal asset managers globally may discover they are lacking when it comes to having efficient processes in place for ongoing due diligence associated with the third party providers.

While it is true that questionnaires and due diligence checklists are very useful, additional steps, such as on site visits and extensive interviews with key personnel go a long way in helping firms maintain a consistent and comprehensive process for due diligence.

This IMDDA webinar event will explore:
-The various challenges around managing the life cycle of third party relationships as part of a risk management process
-What the primary obligations are for asset managers
-The Process for working toward the establishment of an industry third party due diligence standard.

Join John Rizzuto, Chief Information Security Officer of Lord Abbett and Robin Hodgkins, President, of Castine LLC as they cover these highlights and more during this 45 minute session.

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