Federal bank regulators frequently require banks and savings associations to engage the services of third-party consultants in connection with consent orders and other supervisory actions. Typically such consultants are engaged to assess an institution’s compliance with legal requirements in cases involving significant fraud, harm to consumers, and material violations of law, especially violations of the Bank Secrecy Act, or to address an institution’s operational or management deficiencies.

Guidance published recently by the Office of the Comptroller of the Currency provides insight into what areas that agency looks at when requiring national banks and federally chartered thrift institutions to engage such third-party consultants. OCC will monitor the adequacy of the institution’s due diligence in the consultant selection process, the work product of the consultant, and the consultant’s maintaining strict independence from bank management.

In this webinar, panelists from Ballard Spahr and Navigant Consulting will discuss:

  • OCC Bulletin 2013-33 on third-party consultants
  • Special considerations for both institutions and consultants in managing these relationships
  • Implications/potential effects of the new guidance  


3:00 PM - 4:00 PM ET | Webinar


Keith R. Fisher, Of Counsel
Bank Regulation and Supervision Group
Ballard Spahr

Beji Varghese, Managing Director
Valuation & Risk Management
Navigant Consulting

This program is open to Ballard Spahr and Navigant Consulting clients and members of the financial services industry. There is no cost to attend. This program is not eligible for continuing education credits.

Please register at least two days before the webinar. Login details will be sent to all approved registrants. For more information, contact Lisa M. Prickril at prickrill@ballardspahr.com.

Program Contact

Lisa M. Prickril