COVID-19 and Third-Party Risk Management Impact Survey Executive Summary

The survey was conducted by The Risk Management Association between May and June 2020. Most of the questions were multiple choice with opportunities to provide comments. Some questions were open text and designed to provide information, insight, and impact seen during the recent COVID-19 event in relation to third parties. 
 
A total of 46 responses was received, covering a wide range of financial institutions from four asset sizes: less than $20 billion; between $20 and $60 bill…